The Green Jobs-Green New York program (Green Jobs-Green New York Act of 2009), financed with revenue from the sale of carbon emission credits, provides residential solar incentives and financing options for customers via the NY-Sun Initiative, as well as workforce development opportunities. Through NY-Sun, the New York State Energy Research and Development Authority (NYSERDA) provides rebates and affordable financing for the installation of approved, grid-connected solar systems. In order to build a self-sustaining market, all NY-Sun incentives are designed to phase out in a controlled and predictable manner over time depending on installed solar capacity in the given region.
NY-Sun’s Affordable Solar Program provides double the standard incentive amount for households earning less than 80 percent of the area or state median income, whichever is greater. Via a pilot program, NY-Sun also provides low-income customers with low-interest loans to pay for solar installations, which are seamlessly repaid on the customer’s utility bill, up to $6,000. Customers with credit scores above 540 are eligible, among other loan approval criteria. The program will run through 2016 and is limited to 300 projects.
Green Jobs-Green New York also provides workforce development opportunities across the state to encourage the development of a skilled clean-energy workforce that supports energy efficiency and the installation of clean technologies, photovoltaic solar included.