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Clean Energy Plan Outlined
On September 30, 2026 NYSERDA’s New York Green Bank (NYGB) filed a NYSERDA’s New York Green Bank (NYGB) filed a plan outlining how it will expand financing for clean energy projects benefiting disadvantaged communities (DACs) and low- to moderate-income (LMI) customers, while maintaining its broader clean-energy financing role.
NYGB has already deployed $787 million, or 46% of its capital since 2020, to projects benefiting DACs, including community distributed generation (CDG) solar, building electrification, energy efficiency, storage, and clean transportation. Of note to retail suppliers, the plan could expand clean energy projects and customer opportunities, particularly involving community solar, DERs, storage, energy efficiency, and electrification.
NYGB plans to use market-rate and targeted concessional financing and coordinate its financing with NYSERDA incentives, utility programs, and other public funding to improve project economics and increase deployment.
The plan also notes that CDG solar is currently the largest component of NYGB’s DAC investments and that participating customers typically receive discounted electricity rates, often resulting in 5–20% bill savings. plan to outline how it will expand financing for clean energy projects benefiting disadvantaged communities (DACs) and low- to moderate-income (LMI) customers, while maintaining its broader clean-energy financing role plan.
The New York PSC initiated this proceeding to (1) consider the development of a Clean Energy Fund; (2) ensure the continuity of clean energy programs in New York, and (3) enhance program efficiency and leverage, while also managing their transition from reliance on ratepayer surcharges to tariff and sustainable market-based clean energy activities.
