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NYSERDA offers New York homeowners $3.50 per annualized kilowatt-hour of estimated energy production from a small wind turbine such as the Pika T701

Cassadaga, N.Y. — April 1, 2015 – A home in Cassadaga, N.Y. became the site of Chautauqua County’s first home wind turbine last week. In a move to draw electrical power from a clean, renewable energy source, the family installed Pika Energy’s 1700-watt T701 wind turbine and DC nanogrid solution. They additionally installed a 6000-watt array of solar panels, allowing them to generate their energy from a combination of the two sources.

Home wind turbines are growing in popularity with U.S. homes looking to reduce their carbon footprints, attain greater energy security and reliability, or seek shelter from rising utility costs.

The Cassadaga home’s installation is noteworthy as it is eligible for two key incentives that drastically reduce the cost of implementing renewable energy technology. This installation’s cost was reduced by nearly $7,000 as a result of incentives from state and federal resources.

The Federal Investment Tax Credit (ITC) reduces the total system cost via a 30% tax credit, while the New York State Energy Research and Development Authority (NYSERDA) offers an additional performance-based financial incentive of $3.50 per annualized kilowatt-hour of electricity harvested from renewable sources.

Adoption of renewable energy technology by New York homes is expected to increase as a result of NYSERDA’s incentive program, which can cover up to 50% of the total cost of installing a system like the Cassadaga home’s wind turbine.

Rural Generation and Wind, a renewable energy company in Hastings, N.Y., installed the Pika wind turbine system at the Cassadaga home. Rodney Weaver and Merle Goot of Rural Generation and Wind managed the project, and are planning additional home wind turbine installations within Chautauqua County.

About Pika Energy

Pika Energy, Inc. is a Westbrook, Maine-based manufacturer of direct current (DC) power electronics, including the Pika Energy Island™system. All Pika Energy products are powered by the REbus™DC nanogrid. Pika Energy’s products provide grid-optional clean power that enables buildings to collect, store and self-consume energy from solar and wind sources. Learn more at www.pika-energy.com.

About Rural Generation and Wind

With a company slogan of “Help the environment! Go green!,” Rural Generation and Wind believes homes can take advantage of the growing opportunity to implement affordable, clean energy sources like small wind turbines and solar systems. Learn more at www.ruralgenerationandwind.net.

 

Press Contact:
Chip Means, Director of Sales Development
Pika Energy
cmeans@pika-energy.com