New York and Solar Energy?

           Owens Corning, the Fortune 500 buildings materials company, is probably best known for its pink fiberglass insulation. Now it’s got another claim to fame: the company’s Bethlehem, New York manufacturing plant, already the winner of a New York State Governor’s Award for pollution prevention, is, as of [recently], home to one of the largest industrial solar arrays in the Empire State. 

          The company had flipped the switch on the 2.7 megawatt installation [on October 15] at noon–just as sunshine broke through the clouds, as if on cue. The solar array was approximately 9,000 ground-mounted photovoltaic panels located on more than 9 acres, on a former cornfield close to the plant. The array demonstrates the benefits of pollution-free electricity, producing enough clean power from the sun to supply some 6% of the plant’s electricity needs.

          It also demonstrates the benefits of Governor Cuomo’s NY-Sun Initiative, without which this solar array would not have come into being. The initiative is currently funded through 2015, but we hope that with one last push from the Governor, NY-Sun will live on as a 10-year, $150-million-a-year effort to finally make New York a solar leader. 

          Sunny states like California, Arizona, Nevada, and New Mexico are, of course, early leaders in installed solar capacity, but Northeastern states also have a high potential for solar power. Currently, the great state of New York lags behind New Jersey and Massachusetts in total solar power installed. However, according to the Solar Energy Industries Association, New York is catching up, thanks to NY-Sun and is now #8 in the country for installed solar power, up from #13 at the beginning of 2013.

Crowdfunding Helps Military Conversion to Solar Energy

U.S. Army’s solar array at White Sands, New Mexico

 

      The U.S. military has ambitious plans ($7 billion worth) to install renewable energy at bases and other facilities across the nation. American taxpayers, of course, are footing the bill. But now they can choose to put their money into a military solar project and make a return, thanks to the crowdfunding craze. 

      Mosaic, a California startup that earlier this year began letting ordinary investors put in as little as $25 to help finance commercial rooftop photovoltaic arrays, today announced its first military-related project, a 12.3-megawatt installation that will put 55,189 panels on housing at Joint Base McGuire-Dix-Lakehurst in New Jersey. The panels will be installed on 547 homes and are expected to supply 30% of their electricity demand.

     The deal is significant on two fronts. Military bases represent a huge market that will help drive down the cost of solar energy through economies of scale. Silicon Valley’s SolarCity, for instance, scored a $1 billion deal in 2011 to finance and install 371 megawatts of photovoltaic panels on military housing in 30 states. Second, the deal marks a new way to finance solar energy. As lucrative U.S. tax breaks for solar and wind projects fall from 30% to 10% at the end of 2016, they will become less attractive to big banks and corporate investors currently bankrolling commercial and residential solar projects. Enter the ordinary investors, not the high-roller ones but the ordinary ones.

Crowdfunding Helps Military Conversion to Solar Energy

U.S. Army’s solar array at White Sands, New Mexico

 

      The U.S. military has ambitious plans ($7 billion worth) to install renewable energy at bases and other facilities across the nation. American taxpayers, of course, are footing the bill. But now they can choose to put their money into a military solar project and make a return, thanks to the crowdfunding craze. 

      Mosaic, a California startup that earlier this year began letting ordinary investors put in as little as $25 to help finance commercial rooftop photovoltaic arrays, today announced its first military-related project, a 12.3-megawatt installation that will put 55,189 panels on housing at Joint Base McGuire-Dix-Lakehurst in New Jersey. The panels will be installed on 547 homes and are expected to supply 30% of their electricity demand.

     The deal is significant on two fronts. Military bases represent a huge market that will help drive down the cost of solar energy through economies of scale. Silicon Valley’s SolarCity, for instance, scored a $1 billion deal in 2011 to finance and install 371 megawatts of photovoltaic panels on military housing in 30 states. Second, the deal marks a new way to finance solar energy. As lucrative U.S. tax breaks for solar and wind projects fall from 30% to 10% at the end of 2016, they will become less attractive to big banks and corporate investors currently bankrolling commercial and residential solar projects. Enter the ordinary investors, not the high-roller ones but the ordinary ones.