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New York’s Ambitious Renewable Energy Goals

By Solar Incentives by State No Comments


As the federal government has shied away from confronting climate change, the responsibility is starting to fall on the individual states and their own climate initiatives. A big part of the effort to mitigate climate change can come through the adoption of renewable energies like solar and wind. New York is one such state that has a robust energy plan and has been working to reform its energy vision for the coming decades.

The purpose of New York’s energy plan is to build a “clean, more resilient, and affordable energy system for all New Yorkers.” Right now, a large portion of energy is produced through unclean sources, like coal and oil. The focus is to phase these sources out and instead focus primarily on solar and other renewable sources. This plan, and similar plans across the nation, are great ways for citizens to see how they can fit into the collective effort for 100% renewable energy adoption.

New York State Energy Plan

In 2014, Governor Andrew M. Cuomo initiated New York’s energy policy, called Reforming the Energy Vision (REV). REV focuses on building an integrated energy network that combines the benefits of the central grid and clean, locally generated power. It proposes a partnership between government and industry to achieve the goal of a stronger economy and cleaner environment.

The aim of New York’s energy plan is to meet the following goals by 2030:

  • 40% reduction in greenhouse gas emissions from 1990 levels
  • 50% of electricity will come from renewable energy resources
  • 600 trillion Btu increase in statewide energy efficiency

These goals will be met through a combination of state and private efforts, which will be largely fueled by investments through REV. The energy plan also includes things like:

  • Policy recommendations to guide efforts for advancing new energy technologies
  • Addressing energy concerns and provide info on the state’s initiatives
  • Energy supply and demand forecasts
  • Statewide greenhouse gas emissions and vulnerabilities of the energy system
  • Information on the environmental health impacts that are related to energy use and production

The hope with REV is to help consumers, businesses, and other entities make better choices about energy. It will also create incentives for the development of new energy products and services to help meet these goals.

Where Is New York Now?

Since 2014, when the energy policy was initiated, NY has already made some big moves in their efforts to adopt renewable energy solutions to meet their goals. There are many different renewable energy sources that are involved in this plan. Some of the highlights include:

  1. Land-Based Wind Power – Wind turbines are used to generate a clean and renewable source of electricity that emits zero greenhouse gases. There are currently 21 large wind projects in New York, which contribute 1,754 megawatts of electricity to the grid. There are also more than 200 small projects for homes, farms, and businesses.
  2. Hydroelectric Power – Hydroelectric power is generated by the force of falling or flowing water. In New York, there are over 300 hydropower stations. The largest hydropower station is the Robert Moses Niagara plant.
  3. Solar Power – Solar power is produced when sunlight makes contact with photovoltaic cells. Solar is one of those most widely available sources of energy that is also renewable and non-polluting. In New York, solar energy is contributing significantly to helping them meet their renewable energy goals. Solar sourced energy in New York State has increased by almost 800% from 2012 to 2017.

More On New York Solar

One of the best ways to make an impact as an individual is to adopt solar at your own home. The first step is to find solar providers near you. Once you have found the right solar options, you can have the panels set up in just a matter of days. New York state also provides many incentives for homeowners.

On top of helping New York meet their goal, as a solar owner, you will also see many financial benefits like long-term savings and an increase in your home’s value.

Do Your Part

New York State is doing a lot to develop renewable energy in the state, and you can contribute to this vision of sustainability by going solar. Solar energy is a huge part of the renewable energy landscape and will amount to a large portion of New York’s energy demands. Solar is one of the easiest forms of clean and renewable energy to be adopted on a massive scale, so do not hesitate in making the switch to solar!

SolarCoin, an Energy Cyptocoin with a Bright Future

By Buy Solar Panels No Comments

Everyone can admit that 2017 was a wild year for cryptocurrencies. Sure, Bitcoin popularity skyrocketed, but so did many altcoins as well, such as Litecoin, Ripple, and Ethereum. Although many questions the utility of thousands of coins on the market, there is one less known coin that may have a very bright future.

This coin is SolarCoin.

What is SolarCoin?

According to its website, “SolarCoin is an alternative digital currency that works like air-miles for Solar electricity generation.” It is an easily adopted incentive for more people to go solar. Ok, sounds simple enough…but what is it really?

SolarCoin was introduced in 2014 by a team of volunteers who believe that solar energy is a key part of securing a healthy future for the planet. This group of people eventually founded the volunteer-run SolarCoin foundation and published this proposal, which introduced SolarCoin to the public.

According to SolarCoin’s website, as of January 30th, 2018, over 3.6 million SolarCoins have been granted in 54 countries.

How does it work?

People earn SolarCoin for going solar!

Here’s how:

  1. For every 1 Mwh of energy generated, the individual receives one SolarCoin.
  2. Additionally, anyone can invest in SolarCoin on any cryptocurrency exchange, which gives it similar attributes to Bitcoin.
  3. Still, the only way to receive SolarCoin for free is to go solar yourself and produce solar energy. This makes sense, as its purpose is to spread the adoption of solar energy being produced. This is akin to the idea of “mining” cryptocurrency. In this instance, you are “mining” energy.

How is SolarCoin different from Bitcoin?

On a foundational level, these two cryptocurrencies are very different, but they do share some similarities, namely, in that they are both cryptocurrencies.

The goal for each cryptocurrency, however, is entirely different. Bitcoin is aiming to create a decentralized currency for the world to use. Bitcoin is engineered to be a means of value. SolarCoin, on the other hand, has the goal of increasing the adoption of solar panels across the world through the incentive of the coins themselves.

When someone receives a SolarCoin and wants to make it liquid, they can then convert SolarCoin to Bitcoin, and either use that as a currency or convert that Bitcoin into dollars, euros, etc. Do note that SolarCoin CAN be used as an investment vehicle for people wanting to make a profit, but it is not intended for that use.

The implications of SolarCoin

SolarCoin alone is a really interesting project. In terms of cryptocurrencies, it’s flying under the radar at #222 in terms of total market cap and has a value of around $2.00 as of January 2018. Most people in the world haven’t heard of SolarCoin, either. Still, what is interesting about SolarCoin is that it serves a true purpose, and has a clear direction in mind.

When looking at the top 30 cryptocurrencies, it is very common to see ones that do not have much, if any, utility value. It almost seems like the creators launched these coins with the hope to get rich… and that is it. These are not the types of coins that will last over the coming years.

SolarCoin, although small, has defined their purpose and has latched itself onto a quickly growing industry. Although the risk for SolarCoin is high, as both cryptocurrency and solar are upcoming industries, the potential for it to stand the test of time is promising, due to its clear utility.

How can I start earning SolarCoin?

If you own a solar system, you can start “mining” SolarCoin by:

  1. First, you are going to need a place to store your SolarCoin, so you will need to use a wallet. Download the wallet onto your computer.
  2. You will then need to register your facility.
  3. Once you are recognized in the network, you will be able to receive SolarCoin!

See more details about earning SolarCoin on their FAQ section.

SolarCoin has a bright future

SolarCoin is a step in the right direction for both the solar community and the cryptocurrency community. It is a forward-thinking solution that can help spread the adoption of solar, and it is doing so in a very early market space that is only going to mature.

No one can predict the future of cryptocurrencies, but our bet is that Solarcoin is here to stay and that SolarCoin and similar energy crypto coins will have a large impact on the adoption of solar across the world.

DISCLAIMER: This article by Solar.com has been published for informational purposes only. Cryptocurrency projects listed on Solar.com are not intended to, and should not be assumed to, act as a recommendation of any of them. Solar.com does not provide investment, financial or legal advice. This site cannot substitute for professional advice and independent factual verification.