State Overview

New York

National Solar Capacity Ranking: 8th

Data Current Through: Q3 2024

 

New York State Solar Overview

New York has a considerable amount of solar potential and has consistently been in the top 10 US solar markets. The state has other policies in place to promote solar investment, including a feed-in tariff through Long Island Power Authority (LIPA) and net metering. Through its Reforming the Energy Vision docket, the Energy Commission is reviewing the regulatory and market environment needed to encourage a more efficient electricity system, including increased amounts of distributed generation.

SEIA New York State Policy Priorities

  • Preserve net metering – in some form – for residential/small commercial customers
  • Finalize fixes to New York’s VDER tariff for larger-scale solar projects
  • Advocating for an expanded Clean Energy Standard through legislation to reach 70% by 2030
  • Revising the NY Sun declining block program in accordance with Governor Cuomo’s recent expansion

Official SEIA State Affiliate

 

Just The Facts

  • Solar Installed (MW):

    6,493

  • National Ranking:

    8th (10th in 2023)

  • Enough Solar Installed to Power:

    1,127,865 homes

  • Percentage of State's Electricity from Solar:

    5.46%

  • Solar Jobs:

    12,114

  • Solar Companies in State:

    781 (89 Manufacturers, 254 Installers/Developers, 438 Others)

  • Total Solar Investment in State:

    $13.2 billion

  • Prices have fallen:

    37% over the last 10 years

  • Growth Projection and Ranking:

    12453 MW over the next 5 years (ranks 5th)

  • Number of Installations:

    221,738

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New York State Solar Policy Resources

New York Energy Storage Policy and Market Overview

With a wide array of resources, funding, and partnerships, New York is one of the states leading the nation in energy storage policy. State demonstration programs, equity policies, and incentives are accelerating procurement. The responsive regulatory environment is sustaining a competitive environment for prolonged ESS procurement and grid resilience.

In 2024, The New York State Energy Research and Development Authority (NYSERDA) issued an Order establishing a new 6 GW energy storage mandate by 2030, and a 20% LDES goal (8-hr plus). As of 2024, the state has a storage capacity of 386 MW and is a leader in C&I installations. State funded demonstration programs for LDES, BTM incentives, and the developing Index Storage Credit Mechanism will continue to support storage deployment.

New York prioritizes integrating energy equity and environmental justice into program design. Prevailing wage and a 35% mandate of ESS in disadvantaged communities supports workforce development and a fair distribution of storage benefits.

 

New York Energy Storage Policy Resources