Source Power Ready to Assist Low-Income Residents as New York State Announces $52.5 Million for Solar Projects Serving Disadvantaged Communities
Aug 4, 2021
Source Power Logo
Source Power Logo
Source Power Company, a New York regulated retail energy supplier and community solar subscriber acquisition company, today announced plans to assist both community solar developers and low- to moderate-income (LMI) residents after New York State announced funding of a $52.5 million new clean energy incentive for community solar projects targeted squarely at underserved communities. The deadline to apply for these new energy incentives is Aug. 31.
The $52.5 million in funding is available through the Inclusive Community Solar Adder program, which aims to serve 50,000 households, including affordable housing providers and organizations working with disadvantaged communities. The program's end goal is to promote fairness and equity by ensuring that those with the most at risk from climate change enjoy the benefits from clean energy investments outlined in the Climate Leadership and Community Protection Act.
"We are extremely pleased to learn about New York State's push to bring community solar projects to disadvantaged communities who would most benefit from these energy incentives," said Vincent Palmieri, Chief Operating Officer at Source Power. "We have been closely monitoring the program's development and have participated in the market outreach sessions organized by NYSERDA (the New York State Energy Research and Development Authority, the sponsor of the program) to keep us in lockstep of the program's final version and allow us to hit the ground running."
Palmieri added, "This is a win-win for the environment and for New York's most vulnerable residents. We believe strongly in the democratization of the benefits of community solar and that Source Power can make a real impact in helping these communities. Our business model is centered around the belief that everyone should enjoy the benefits of community solar. This program provides another opportunity for our unique product offering to do just that."
Additional incentives for participants in NY-Sun community solar projects that dedicate 20% or more of their business to LMI households include electric bill savings of at least 10% as well as reduced operating costs for nonprofits and other affordable housing providers serving LMIs and DACs. There will also be special bonus awards given to select environmental justice communities located in and around conventional power-generating facilities. Interested parties have until Aug. 31, 2021, to apply.
As one of the few providers sitting at the junction of electric supply and community solar, Source Power is uniquely positioned to help New York's disadvantaged communities and the developers of community solar projects in taking advantage of this vital new program.
About Source Power Company
Source Power Company is a regulated Energy Service Company and Distributed Energy Resource Supplier in New York State. Source Power provides innovative solutions that pair energy supply with renewable energy generation, providing a unique value proposition to customers and advancing the state's clean energy goals. With roots in the solar development industry through its sister company Source Renewables, Source Power sits strategically at the intersection of project finance, renewable generation, and energy supply. This allows Source Power to match solar generation with power consumers and use its vertical integration to ensure efficiencies are passed along to customers at competitive prices. Source Power represents a reboot of the retail energy industry and is on a mission to improve products and services, through advanced technology and superior customer experience, while helping the environment and strengthening the communities it serves. Find out more about Source Power Company on its website: https://sourcepowerco.com/.
Media Contact:
Alyssa Pfitscher, Lansons Intermarket
845-594-7290
[email protected]
Press Release Service by Newswire.com
Original Source: Source Power Ready to Assist Low-Income Residents as New York State Announces $52.5 Million for Solar Projects Serving Disadvantaged Communities
More News
Adventures with no age limit: 12 incredible holidays for 2027
From sailing to the remote islands of French Polynesia and exploring Japan’s ancient Zen traditions to riding a historic steam train through Colorado’s Wild West, some adventures are simply too good to miss, whatever your age. For travellers in their 50s, 60s, 70s and beyond, 2027 offers plenty of opportunities to discover somewhere new, revisit places that hold special memories or finally embark on a long-dreamed-of journey. Whether it’s retracing the footsteps of Elvis Presley in Memphis 50 years after his death, discovering the wild landscapes of Florida’s Everglades or taking the scenic route to the French Alps aboard a sleeper train, these 12 unforgettable holidays prove that a sense of adventure never gets old.
TOURISM IS GROWING - THE CHOICES MADE NOW WILL SHAPE ITS FUTURE
Global tourism is entering a new era of strategic choices. The industry is still generating economic growth, but geopolitical instability, climate pressures, investment challenges and technological disruption are testing its long-term competitiveness. The numbers reveal a paradox. According to the World Economic Forum’s Travel & Tourism Development Index 2026, 92% of the 110 economies assessed have improved their conditions for tourism development since 2024. The World Travel & Tourism Council (WTTC) forecasts a US$12 trillion contribution to the global economy in 2026, supporting around 376 million jobs.
Stand-up comedian Jordan Leung on moving to the US and Hong Kong show backlash
“I think about quitting all the time,” says Jordan Leung, known to his Instagram followers as @69ranch. As one of Hong Kong’s most prominent stand-up comedians to emerge in recent years, Leung’s pessimism is surprising. “I don’t wanna make social media content,” the 33-year-old admits. “Now I’m just fixated on likes and stuff … I don’t know how much longer I can do this.” Sitting directly across the table from him, it is not always easy to tell when Leung is being sincere or performing his...
32 Products That'll Fix Those Annoying Travel Headaches So You Can Actually Enjoy Your Vacation
There's no need to panic in a random gas station without TP when these handy portable wipes exist. View Entire Post ›
Visit Europe And We'll Guess Your Favorite European Food!
I loveeeee a British breakfast! View Entire Post ›
Scotland’s wild wellness boom, from Gleneagles to Loch Lomond
For a while, the blueprint for a serious wellness trip looked pretty much the same everywhere. A flight to somewhere warm, a resort with a view of jungle or terraced rice paddies, a treatment menu borrowing names from ancient traditions, and enough linen to last a lifetime. Scotland was never really part of that picture. It was the place people went for whisky, castles and rain, not the place they went to reset. Then this summer, Scotland’s men’s football team appeared at their first World Cup...
Do you have empty nest syndrome? 5 signs – and expert ways to cope
If you feel lost or overwhelmed now your children have left the nest, you are far from alone. Many parents experience empty nest syndrome at this time of the year. “Empty nest syndrome isn’t a mental health condition, but a set of feelings or symptoms that parents might feel when all their children have left home,” says Dr Elizabeth Wakeland, consultant, clinical and forensic psychologist at Cygnet Health Care in the UK. “It’s a period of significant life change where parents are trying to...
Torrential rains hit Orange County, send visitors scrambling for cover at Disneyland
A powerful, brief downpour sent Disneyland visitors scrambling for cover Friday night, closed rides and flooded parts of Frontierland as workers tried to clear backed-up drains.
I Don't Travel Without My Rescue Pup, So I Combed The Internet For These 9 Airline-Friendly Carriers
Make your travel plans with your pup a walk in the park. View Entire Post ›
Meet Tom Rhys Harries, star of DC’s body-horror Clayface
With Clayface, DC trades its usual cape-donning heroes for a chilling entry into body-horror cinema. Starring Tom Rhys Harries, the film follows Matt Hagen (played by Harries), a Hollywood star from Gotham whose run-in with a crime boss leaves his face severely disfigured. Desperate to restore himself, Hagen turns to Dr. Caitlyn Corr (Naomi Ackie), whose experimental treatment makes matters worse. So Hagen finds himself on a path from Hollywood’s charming leading man to a Gotham City...
Mt. Waterman ski resort near L.A. relisted for $3.3 million after deal falls through
The historic Mt. Waterman Ski Resort, one of Southern California's steepest ski resorts and only an hour from downtown Los Angeles, was relisted for sale on Wednesday at $3,275,000.
I Spent 5 Days In One Of America's Most Overlooked Places, And I Think I Found My New Favorite Place On Earth
If you know, you really know. View Entire Post ›
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.