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New York State Heating Up With $2.6 Billion Solar Thermal Plan

New York recently presented a master plan for becoming the premiere state for solar heating and cooling. The program has the potential to generate $2.6 Billion in revenue and propel the installation of 2 GW of new solar thermal capacity over the next 10 years.

New York's Solar Thermal Roadmap, presented at the NYSEIA Conference in May, has the stated goal to make New York the "national leader in the research and development" and "deployment and manufacture of solar thermal technologies."

The plan calls for creating an industrial-academic-governmental partnership to cultivate the next generation of solar thermal technologies, train the workforce to manufacture, install and maintain the solar thermal systems, and to increase residential and commercial adoption of the systems for heating and cooling needs.

The Roadmap, which is the result of collaboration between 130 of New York's finest industrial, academic and governmental representatives, aims to install half a million residential systems by 2020, creating about 24,000 new jobs in the process.

Implementation of the Roadmap will save an estimated 6 million gallons of oil, 9.5 million cubic feet of natural gas, 320 million kw/h of electrical production annually, which translantes into an annual saving of over 350,000 tons of CO2 emissions and consumer savings of more than $175 million per year..

Solar Thermal For Heat Is Critical To Northeast

While heating-oil warms 7 percent of homes nationwide, it heats 30 percent of households in the Northeast. Our region is responsible for 80 percent of the nation's residential heating-oil consumption.

When you consider that home heating-oil prices are averaging $3.28 per gallon in New York and the other northeastern states, it becomes obvious that continuing dependence on oil is economically unsustainable.