Over the Next Decade in New York, Advanced Energy Tax Credits Will Generate:
$99B New Private Sector Investments
$51.2B New Manufacturing Investments
South Fork Wind
- Status: Operational
- Location: Suffolk County, NY
- Congressional District: New York 1st and 2nd
- Technology: Wind
- Relevant Tax Provision: Production Tax Credit (PTC)
- Fast Facts:
- South Fork Wind is New York’s first offshore wind project generating 132 MW of power to 70,000 Long Island homes per year.
- South Fork created roughly 1,000 jobs across five states from construction to development.
- Offshore wind is powering the northeast with reliable, affordable energy while creating local jobs and generating economic development and tax revenue for New Yorkers.
121 Veterans Rd W
- Status: Operational
- Location: Staten Island, NY (Richmond County)
- Congressional District: New York 11th
- Technology: Solar
- Relevant Tax Provisions:
- Investment Tax Credit (ITC)
- Domestic Content Adder
- Fast Facts:
- 121 Veterans will provide 5 MW of power to Staten Island homes for the next 40 years.
- This solar project has created 22 local jobs and used domestic content throughout its development.
Orangeville Wind + Storage
- Status: Operational
- Location: Orangeville, NY (Wyoming County)
- Congressional District: New York 24th
- Technology(s): Wind + Storage
- Relevant Tax Provision: Investment Tax Credit (ITC)
- Fast Facts:
- Invenergy’s Orangeville project is a 94 MW wind and storage facility located in Wyoming County, New York.
- Orangeville uses state-of-the-art battery technology to store and provide electricity to 38,000 New York households.
- This project helps provide reliable power during extreme weather events to help keep the lights on in Wyoming County and provides low-cost, dispatchable electricity to homeowners and businesses.
Swiftsure Energy Storage
- Status: In Development
- Location: Staten Island, NY (Richmond County)
- Congressional District: New York 11th
- Technology: Storage
- Relevant Tax Provision: Investment Tax Credit (ITC)
- Fast Facts:
- Swiftsure is a battery storage facility capable of storing and dispatching up to 650 MW of power to New York homes and businesses and will create 100 good-paying local jobs.
- These batteries charge from the grid when power demand is low and provide much-needed dispatchable electricity when demand is high, helping balance and stabilize the grid, especially during extreme weather events.
- Once completed, Swiftsure will be capable of storing enough power for 500,000 homes, more than all the homes on Staten Island.
If key advanced energy tax policies are repealed, new analysis indicates that the cost of energy for business, industry, and working families in New York will increase over 2% by 2026.
231,600
Advanced Energy Jobs in New York