SolarBank announced it has executed a lease agreement on a 15-acre site in Nassau, New York, where the company will develop a 3 MW DC ground-mounted solar power project.
SolarBank has submitted its initial interconnection request for the project and is awaiting the results of that process. Following interconnection approval, the company will work to complete the permitting process and secure financing for project construction.
The project is also expected to be eligible for incentives under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program.
Once completed, the project will operate as a community solar project - a group of solar panels with access to the local electricity grid. Once the panels are on and generating electricity, clean energy from the site will feed into the local power grid.
Depending on the size and number of panels installed at the project, hundreds of renters and homeowners can save money from the project's generated electricity. By subscribing to the project, homeowners earn credits on their monthly electricity bill, gaining access to the benefits of solar without installing panels on their homes.
