The Long Island Power Authority (LIPA), a regional electricity provider in New York, has resolved a common problem that has plagued numerous utilities across the countries: too many people want to install a solar home energy system.
The Long Island Power Authority (LIPA) on Monday announced cuts in the rebates offered under its Solar Pioneer Program. The changes pertain to only those New Yorkers who reside within LIPA territory -- all others fall under the purview of the New York State Energy Research and Development Authority (NYSERDA). Here's a quick look at the reductions LIPA has made to its solar rebate program:
The New York State Energy Research and Development Authority (NYSERDA) will make available a $6 million grant to the Long Island Power Authority (LIPA), according to a recent announcement by Governor David A. Paterson. The new funding will enable LIPA to continue programs that provide rebates and incentives to homeowners and business owners who install solar photovoltaic (PV) systems. LIPA's Solar Pioneer/Entrepreneur program provides a per-watt rebate to reduce the cost of solar panels, enabling many individuals and businesses to achieve a positive return on investment with their solar installations.
For several years, the Long Island Power Authority (LIPA) has arguably offered the best solar PV rebate program in New York, if not the entire country. The per-watt rebate -- available to homeowners, businesses, schools, and public and non-profit entities -- has not been limited by an absolute dollar-amount or percentage cap. Most solar rebate programs, by contrast, place an upward limit on the total incentive on offer -- e.g., $2.50/watt, up to $12,500, or, $1.75/watt up to 25% of total system costs. As reported by Newsday, LIPA is moving in that direction -- and is also set to reduce the per-watt sum available.