July 18 (Bloomberg) -- New York utility regulators approved expanding a state solar incentive program to accommodate larger homes and businesses and meet Governor Andrew Cuomo’s goal of quadrupling installations this year compared with 2011.
Owners of residential solar systems with as much as 25 kilowatts of capacity will qualify for a share of the state’s $150 million in annual incentives, up from the earlier limit of 7 kilowatts. The limit for commercial projects was increased to 200 kilowatts.
“The changes we made today will ensure that the growth of solar installations, which spurs the creation of jobs in New York, continues well into the future,” New York Public Service Commission Chairman Garry Brown said today in a statement.
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