Electricity In New York

Roughly 21.31% of the electric companies in New York offer net metering to their customers. At the state level, New York is known for good net metering and feed in tariff legislation.

There are 45 providers in New York that reported energy loss, including Con Edison, National Grid, and Long Island Power Authority. Combined, these 45 electricity providers average an annual energy loss of 2.28% of electricity generated. The national average for energy loss is 2.72%, resulting in a rank of 44th worst in the nation for New York in this category.

When it comes to encouraging solar panel installs at private residences, one of the best uses of government resources is tax breaks and rebates for solar installs. New York offers up to ,an impressive, $5000 state tax credit for solar installation for private residences. Customers are able to apply for rebates of $500 or less for private solar panel purchases. Fortunately, New York offers a 100% tax exemption to residents.. The state provides a 100% sales tax exemption to residents who purchase solar. This is great for people in the state.

Policies enforced at the state level affect whether customers who are seeking renewable energy sources can easily find alternatives. States that have Renewable Portfolio Standards (RPS) have requirements in place for all electricity providers who operate in the state. These standards dictate that a certain amount of electricity must be produced from renewable fuel sources. Electricity companies in New York are required to generate at least 25% of their electrical output using renewable fuel types. Furthermore, low income solar programs are another way states encourage renewable fuels and New York is home to one such program.