The first financing measure in the framework of New York's Solar Thermal Roadmap is about to be implemented: Very soon, solar thermal technology will be the next technology to profit from the Renewable Portfolio Standards (RPS), which were introduced in the State of New York in 2005. The New York State Energy Research and Development Authority (NYSERDA) is responsible for administering the RPS funds, which are collected via the electricity bills of individual clients – residential and commercial ones – in the service areas of investor-owned utilities. A total of USD 25.8 million was allocated to subsidise solar thermal installations replacing electric water heaters. Combi systems are also eligible for the incentive scheme if the rooms in question were previously heated with electricity.
The New York Solar Thermal Roadmap is ready for implementation: 130 stakeholders teamed up to form The Solar Energy Consortium (TSEC), which was to develop a state-wide solar vision and an action plan to realize it. The consortium's objectives are ambitious: The installed solar thermal capacity is to increase from today's total of 8 MW (11,400 m2) to 2 GW (28.6 million m2) by 2020. This corresponds to an annual growth rate of 57%.