AEG Provides Technical Design and Economic Modeling Assistance for New York States First Feed-In-Tariff Pilot Program

AEG assists the Long island Power Authority (LIPA) in development of New York States first feed-in-tariff pilot program with economic modeling and technical design. Pending LIPA’s Board of Trustees approval, LIPA’s CLEAN Solar Initiative (CSI) will purchase up to 50 megawatts of solar power generated at customer premises through June 30, 2014 and pay a fixed rate to the owner of the PV system through a Power Purchase Agreement for each solar kWh generated over a 20-year term.