Economic Development – NYSERDA – NYSERDA

New York has what it takes: robust markets for clean energy products, talented workforce, ambitious policies, and the right incentives to locate clean energy and climate technology manufacturing and supply chain investments.

Clean energy industries – from manufacturing to installation and servicing – are poised for significant growth through New York State’s unparalleled investments in strategic siting, workforce development, and the innovation infrastructure necessary to support a robust clean energy economy.

Whether you are focused on commercializing the next generation of clean energy technologies or seeking a growing market for your low-carbon products, New York is full of opportunities.

Why Choose New York For Your Business?

New York’s ambitious clean energy and climate goals are catalyzing investment and job growth, but the Empire State has many more strategic advantages.

• Diverse Talent: New York has more than 165,000 clean energy workers and a diverse talent pool with the education, training, and skills to fuel the growing clean energy economy. Clean energy companies can access funding and support from New York State for internships, on-the-job training, and educational resources to create a sustainable talent pipeline and reduce the cost of hiring and training employees.
• Competitive Incentives: Tax credits and financial incentives help businesses invest in their workforce, locate in strategic areas, and improve their facilities’ energy performance towards decarbonization. Manufacturers have a zero percent corporate income tax rate, pay no personal property tax, and are eligible for a 20% real property tax credit.
• Development-Ready Sites: New York has many commercially and industrially zoned sites with all the permitting, environmental studies, surveying, title work, utility infrastructure engineering, and logistics infrastructure completed. New York is continuously directing investment through local economic development organizations and municipalities to replenish the state’s inventories as sites are developed.
• Innovation (Research & Development): New York is home to world-class public and private research institutions and leading engineering schools. Substantial R&D funding is available to develop new clean energy solution and implement pilot and demonstration projects.

New York’s Robust Clean Energy Sectors

To achieve the emission reduction and renewable generation goals of the Climate Act , New York State is mobilizing investment in clean energy products and services in key market segments, including:

• Energy Efficiency: To meet the goal of reducing on-site energy use by 185 trillion BTUs by 2025, New York is prioritizing the efficiency and decarbonization of commercial, industrial, and residential buildings, especially in low- and moderate-income homes.
• Energy Storage: New York is supporting the deployment of 1,500 MW of energy storage by 2025 and 6,000 MW by 2030.
• Offshore Wind: With a goal of 9,000 MW of offshore wind by 2035, New York is building the nation’s largest offshore wind pipeline. Investments in offshore wind ports, manufacturing, and infrastructure will create thousands of jobs and economic benefits across the State.
• Solar: New York is ramping up solar development to reach 6,000 MW of distributed solar by 2025 and achieve a 100% zero-emission electricity system by 2040.
• Vehicle Electrification: New York will require 100% light-duty zero-emission vehicle (ZEV) sales by 2035 and 100% medium- and heavy-duty ZEV sales by 2040. New York is prioritizing investment in charging infrastructure and ZEV manufacturing to achieve a clean transportation system.

These Companies Found a Clean Energy Partner in New York

From emerging startups to established firms, New York is partnering with businesses and innovators advancing clean energy solutions and services.