The PowerMarket, a platform and marketplace that allows customers in the greater New York City area to participate in local community solar projects, announces the first ever project to go live in ConEdison service territory. Community solar allows individuals and businesses to share in the benefits of solar with no upfront cost and without installing panels on their roof.
The PowerMarket will be available in all five boroughs and Westchester County, with over thirty households in Westchester already signed up.
“Through the PowerMarket, people save money on their monthly electricity bill while supporting renewable energy development in their communities,” says Eric Dahnke, CEO and founder of the PowerMarket. Customers can expect to see the benefits of participation in the project in March 2017.
The PowerMarket is a product from ProjectEconomics Inc, a community solar solution provider and member of ACRE at the Urban Future Lab (UFL) at the NYU Tandon School of Engineering. ACRE is New York City’s business incubator for smart cities, smart grid, and clean energy. UFL hosts several programs focused on educational, policy, and market solutions to the issues of sustainability.
“Initiatives such as the PowerMarket will help New York continue to be a place for pioneering energy solutions and a leader in the clean energy sector,” said Pat Sapinsley, managing director of cleantech initiatives at the UFL.“Optimizing renewable energy distribution systems such as community solar will help reduce dependence of fossil fuels, removes barriers to supporting renewable energy, and allows all individuals access to clean and local solar power.”
News item from PowerMarket