STATEMENT OF MAYOR BLOOMBERG ON THE EXTENSION OF THE NEW YORK CITY SOLAR TAX ABATEMENT

“With the extension of this key incentive, New York City can continue to encourage the growth of the solar industry and move toward our PlaNYC goals of making our energy systems cleaner and more reliable, achieving the best air quality of any big U.S. city, and reducing greenhouse gas emissions. Since we first put this abatement in place, we’ve lowered the cost and other barriers to solar investment and launched an interactive tool that estimates the solar energy potential for every building in New York City. These efforts have helped us increase our solar power capacity fivefold. This development is good for our energy economy and a central component of our agenda to create a greener, greater New York. I want to thank the Assemblyman Farrell and Senator Lanza for sponsoring this legislation and Governor Cuomo for extending this abatement.”