SolarBank Corporation has reached a significant milestone with its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York, following the successful completion of the Coordinated Electric System Interconnection Review (CESIR). This approval is a critical step towards the project's development, aimed at powering approximately 850 homes through New York's grid. Supported by the state's VDER compensation mechanism and potential NYSERDA NY-Sun incentives of up to US$0.395/W DC, the project represents a forward leap in renewable energy accessibility.
As a community solar initiative, Hoadley Hill Road enables residents and businesses to receive bill credits without the necessity for on-site solar installations, democratizing access to renewable energy. This project aligns with New York's ambitious goal of installing 6 GW of solar capacity by 2025. With over 100 MW of projects built and a development pipeline exceeding 1 GW, SolarBank is now focused on expediting permitting and financing processes to begin construction, marking a pivotal moment in the state's renewable energy landscape.
The progress of the Hoadley Hill Road project highlights the critical role of community solar initiatives in meeting renewable energy targets and reducing carbon emissions. By utilizing state incentives and regulatory frameworks, SolarBank is not only advancing towards a sustainable energy future but also delivering real benefits to local communities. For further information, visit https://ibn.fm/ZvEKF.
