Green Innovations

Developing renewable and clean technology companies in New York

Friday, June 24, 2011

The New York State Senate passes the Power NY Act!

In an attempt to secure New York's energy future, the New York State Senate has passed the Power NY Act.  To achieve such an objective, the bill reauthorizes and modernizes the licensing process for electric generating facilities, provides consumer incentives for investments in energy efficiency and explores the potential for solar power generation in New York State.

Included in the Power NY Act is On-Bill financing, a consumer incentive program that has been widely supported. On-Bill financing allows homeowners to pay energy efficiency measures over an extended period of time on their utility bills. Along with placing energy efficiency measures in closer reach to a diverse demographic, contractors are expanding their workforce to meet the expected demand. As a result of the bill Damian Hodkinson, Co-Owner of True Energy Solutions in Rochester, New York has expressed the intention to hire 25-30% more employees over the next 2-4 months.

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