SolarBank Corporation has achieved a significant milestone for its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York with the successful clearance of the Coordinated Electric System Interconnection Review. This regulatory approval enables the project to move forward in powering approximately 850 homes through New York's grid, utilizing the state's VDER compensation mechanism and potentially qualifying for up to US$0.395/W DC in NYSERDA NY-Sun incentives available through https://www.nyserda.ny.gov.
As a community solar initiative, Hoadley Hill Road allows residents and businesses to benefit from solar energy without requiring on-site installations by providing bill credits instead. This model expands renewable energy access while supporting New York's goal of installing 6 GW of solar power by 2025. SolarBank's project pipeline exceeding 1 GW positions the company to contribute substantially to this target as it accelerates permitting and financing to begin construction.
The project's advancement highlights the growing role of community solar in the renewable energy transition by making clean energy accessible to broader populations. Such initiatives help reduce carbon footprints and promote sustainable development while demonstrating solar energy's viability as a key component of energy infrastructure. SolarBank's progress with over 100 MW of built projects reinforces the practical implementation of solar solutions within state and national energy frameworks.
