EnterSolar Awarded NYSERDA Funding for 10 New York State Solar Installations

EnterSolar has been awarded funding for 10 New York State Solar Installations from the Pilot to Phase 2 and is currently working with businesses for Phase 3 Bids.

New York, NY August 22, 2013

EnterSolar, a leading provider of solar photovoltaic (PV) systems to the commercial marketplace, today announced it has received more than $6 million through multiple rounds of NYSERDA funding to facilitate the construction of 10 new large-scale commercial solar installations. The awards are being funded under the Competitive PV program as part of Governor Cuomo's NY-Sun initiative. EnterSolar is currently working with a number of businesses and seeking others that may have interest in participating in round 3 of the Competitive PV Program.

NYSERDA's NY-Sun Competitive PV Program was established to assist businesses and other facilities in generating large amounts of electricity from solar power, a clean, renewable energy source. It provides incentives for PV systems larger than 200 kilowatts (kW). Funding per project is capped at $3 million, and all projects require co-funding to best leverage state resources.

EnterSolar has partnered with businesses from the small family-owned to global retail enterprises, leading these clients from preliminary solar project feasibility due diligence to successful financial award.

EnterSolar has won 10 NYSERDA awards for clients from Brooklyn to Buffalo and Goshen to Ithaca. The projects involve most of the state's electric utilities including National Grid, Con Edison, Orange and Rockland Utilities and NYSEG. These projects, which range in size from 200 kilowatts (kW) to 2.6 megawatts (MW), all take advantage of significant benefits afforded by the state.

"We are delighted to partner with EnterSolar to further our environmental and community initiatives," said Nancy Trimbur, SVP, Stewart's Shops. "Leveraging solar power will not only have significant environmental impact but great financial benefit as well."

Downstate, EnterSolar's initiative with Dyke's Lumber has also received significant attention. This project, the third that EnterSolar has completed for Dykes to date, is among the first solar remote net-metering projects installed in the state.

"Under Governor Cuomo's NY-Sun initiative, New York State has significantly increased solar capacity over the past year through public-private partnerships like the one with EnterSolar," said Francis J. Murray Jr., President and CEO, NYSERDA. "As more companies like EnterSolar install these large solar systems at businesses and commercial buildings, the NY-Sun initiative will prove to be a model for other states hoping to increase the amount of renewable energy produced, improve the quality of the environment and provide clean-energy jobs."

Paul Ahern, president, EnterSolar, added, "Enterprises come to us as prospects, curious about how to leverage the benefits of solar power and if it is right for them. We work with them closely to evaluate the best structure for them and guide them through from the legislative to installation process. It is always very gratifying to see the end result."

About EnterSolar

Based in New York City, EnterSolar is a leading provider of solar photovoltaic systems to the commercial marketplace. Unique in its combination of business operations and solar expertise, the Company works with commercial enterprises to deliver optimal energy solutions with compelling, long-term ROI. Expert in the dynamic legislative environment, EnterSolar provides clients with real-time guidance in order to best leverage financial incentives at the regional and state levels. For information, visit http://www.entersolar.com.

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