New York is overhauling its market for utility scale renewable energy projects. On June 1, NYSERDA released a much anticipated document proposing options for what the agency is calling its “Large Scale Renewables” program. The Large Scale Renewables proposal opens possibilities for both solar developers seeking to expand beyond the bite-sized, C&I net metered paradigm and for customers that have dreamed of hedging larger portions of their energy budgets through direct renewable energy procurement.
The solar industry has driven down project installation costs dramatically, and moderate price declines are predicted to continue. From the energy buyer's perspective, this begs the question "Why buy solar power now if it will be cheaper next month or even next year?"