01 Jul '11, 7am

New York City can go solar cheaper than grid power

The City University of New York (CUNY) released a solar map of New York City last week, allowing building owners in the city to determine the amount of solar power their roof could host. The cumulative impact is enormous, with city rooftops capable of providing half the city’s peak power , and 14% of its annual electricity consumption. The city should immediately maximize solar power development to save millions in electricity costs. At $3.50 per Watt installed, and with the federal 30% investment tax credit (ITC), solar power in New York City can provide electricity at 16 cents per kilowatt-hour (kWh), a full 4 cents lower than the average residential electricity price (as reported by the National Renewable Energy Laboratory’s PV Watts program). Commercial installations that can also use the federal depreciation tax deduction could deliver electricity for nearly 12 cents ...

Full article: http://cleantechnica.com/2011/07/01/new-york-city-can-go-...

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