Martifer Solar USA, Inc. Awarded $3 Million in NYSERDA Funding

Martifer Solar USA, Inc. was selected on the basis of its proven competence and professional qualifications, as well as its ability to deliver a high value and cost-effective use of State funding.

NEW YORK--Martifer Solar USA, Inc. is the recipient of a nearly $3 million funding block from the New York State Energy Research and Development Authority (NYSERDA) as part of the Authority's Solar Electric Incentive Program. The company, whose East Coast division is headquartered in Greenwich, Connecticut, plans to leverage the funds to enter the increasingly active New York solar market.


NYSERDA allocated a total of $30 million in grant money to eligible solar contractors through a highly competitive grant process. Martifer Solar USA, Inc. was selected on the basis of its proven competence and professional qualifications, as well as its ability to deliver a high value and cost-effective use of State funding.

"We are pleased to enter the New York market on such solid footing," states George B. Reed III, Chief Legal Officer and manager of Martifer Solar USA's East Coast division. "These funds will offset up to half of the system installation cost for our clients. Combined with the New York state property tax exemption and federal incentives, it creates highly favorable conditions for commercial property owners in New York City who have been waiting for the right opportunity to go solar."

In addition to reducing overhead electricity costs for utility customers, the funds will aid in the fulfillment of New York's renewable energy portfolio standards, which call for 30% renewable energy by 2015. Customers in the NYISO zones I and J (New York City and Westchester) are eligible to apply. For more information contact Martifer Solar USA, Inc.'s East Coast division at (203) 908-3636.

About Martifer Solar USA, Inc. — Martifer Solar USA, Inc. specializes in the design, engineering and installation of solar photovoltaic systems. The company has been providing full chain solar integration services in the United States market since 2001.

Martifer Solar USA, Inc. is a subsidiary of Martifer Solar SA, a multinational solar manufacturer and installation company with more than 200 MW of solar assets installed worldwide. Martifer Solar SA has offices in 20 nations and reported revenues over $300 million in 2010.

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