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The New York State Energy Research and Development Authority plans to increase its maximum incentives to $1 million per installation of on-site wind projects.
The increase from the current maximum of $400,000 is designed to boost participation in the program, officials announced last week. The increase was approved by the state Public Service Commission.
“Increasing the funding cap for on-site wind projects reflects the need to respond to market conditions in order to advance additional renewable energy projects,” PSC chairman Garry Brown said in a statement.
The commission has set budgets and targets through 2015 for the customer-sited tier of the Renewable Portfolio Standard program to encourage self-generated energy.
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