A solar photovoltaic system (PV) is an electric power generating system designed to supply usable solar power by means of photovoltaics, a method of converting solar energy into direct current electricity through a semiconductor material such as a panel. According to the Solar Energy Industries Association “the United States installed 1,306 megawatts (MW) of PV in the first quarter of 2015 to reach 21.3 gigawatts (GW) of total installed capacity, enough to power 4.3 million American homes. Fifty-one percent of new electric generating capacity came from solar in the first quarter of 2015, and the residential and utility-scale segments each added more capacity than the natural gas industry.1 New York has largely mirrored this nationwide trend and has consistently been in the top 10 U.S. solar markets.
Under the NY-SUN Initiative, the New York Public Service Commission announced a 10-year program with a $1 billion commitment to developing a self-sustaining solar market in New York. The program will lead to 3,000 megawatts of PV installations across New York by 2022.2 The initiative aims to increase the number of PV systems across the state by stimulating the marketplace, so that costs associated with installing solar electric systems for residents and businesses are reduced. In terms of future outlook, the U.S. Energy Information Administration (EIA) “expects continued growth in utility-scale solar power generation.”3
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