• Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Members
  • Sign in
Westfair Communications
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Real Estate
    • Economic Development
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 Women in Power
    • 2026 40 Under Forty
    • Events Calendar
    • Past Events
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Real Estate
    • Economic Development
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 Women in Power
    • 2026 40 Under Forty
    • Events Calendar
    • Past Events
      • 2025
        • 2025 Hispanic Innovators
        • 2025 Doctors of Distinction
        • 2025 C-Suite Awards
        • 2025 Women Innovators
        • 2025 40 Under Forty
        • 2025 Millennial & Gen Z
        • 2025 Real Estate
      • 2024
        • 2024 Doctors of Distinction
        • 2024 Women Innovators
        • 2024 40 Under 40
        • 2024 Real Estate
        • 2024 Women In Power
      • 2023
        • 2023 Women In Power
        • Milli + Genz
        • Women Innovators
        • Forty Under 40
        • Doctors of Distinction
        • Real Estate
      • 2022
        • 2022 Millennial + GenZ Awards
        • 2022 C-Suite Awards
        • 2022 Doctors of Distinction
        • 2022 THE FUTURE OF REAL ESTATE
        • 2022 FORTY UNDER 40
      • 2021
        • 2021 FORTY UNDER 40 VIRTUAL EVENT
        • 2021 TOP WEALTH ADVISORS Virtual Event
        • 2021 Milli + GenZ Awards
        • 2021 C-SUITE
        • 2021 DOCTORS OF DISTINCTION
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBEACT NOW
    • NEWSLETTERS
    • DIGITAL ACCESS
No Result
View All Result
No Result
View All Result
Home Hudson Valley

Solar industry seeks new law to spark investment

Jim Gordon by Jim Gordon
May 17, 2009
Reading Time: 4 mins read
0
Share on FacebookShare on TwitterShare on LinkedIn
Order your reprint PDF today
Print Full Article

 
Atlantis module makers inspecting the process from left, Ben Hopp, Brenda White,Atlantis Senior Vice President Thomas Thompson, Ute Hoop and Nancy Harris.

The phrase here comes the sun is passé, says Thomas W. Thompson, because the time of the sun has arrived. Sunshine, he said, can be used to provide power to cities and remote regions alike and, not incidentally, could provide tens of thousands of good jobs in New York almost as soon as we get serious about using solar power.

To get serious, Thompson told the Opportunity Knocks conference in Fishkill recently, there is a simple and specific change that could make an enormous difference: force the power grid to accept homemade electricity via a “feed-in tariff” instead of continuing the current rebate program.   

Thompson is senior vice president of Atlantis Energy Systems Inc., a Poughkeepsie-based manufacturer of solar electric building systems. The company manufactures the world”™s first building-integrated photovoltaic system, including solar powered roof-shingles called Sunslates.

He is also chairman of the New York State Solar Energy Industries Association (NYSEIA.org) with the goals of making the Empire State one of the world”™s top 10 markets for solar energy. He said with the huge concentration of population in the Northeast corridor centered in New York, the demand seems promising and the challenge will be to deliver product to fill the need.

For those who may doubt solar power is possible in this climate, he points to Germany, which receives about as much sun each year as Alaska. And yet, Germany has heavily invested in solar energy, creating an economic power base that, in a country of 80 million people has created jobs employing 80,000 people in the solar industry.

New York state has a population of some 20 million people. Thompson said, strictly on a ratio basis, if the Empire State developed a solar industry similar in size to what now exists in Germany, it could provide good jobs for 20,000 workers connected to the photovoltaic industry. And he said that figure does not include other solar products such as solar thermal heating and other appliances.     

“Job growth will not stop,” Thompson said. “It will increase every year as we invest in solar, eventually getting up to tens of thousands of jobs in year 20.”

But attracting solar is a competitive field of endeavor and will not happen automatically.

“In Germany, the government put policies in place to create a market and then private capital came forward to fill the demand,” Thompson said.

The most effective step New York could take to spark a homegrown solar industry, he said, would be to create a “feed-in tariff,” a system to purchase or “feed” power from a variety of small to medium renewable energy systems into the central grid. He said the technique has worked elsewhere to spark interest in renewable energy because it guarantees a market for renewable products.

In sum, a feed-in tariff obligates power companies to purchase energy from a distributed generation system that may include rooftop solar arrays or wind power. The equipment would not be used to power the buildings they are built upon, but rather would be designed to contribute to the grid and the power they produce and feed to the system would be bought at by the utility at a price that makes it profitable for building owners to invest in renewable energy systems.

Thompson said a feed-in tariff is a fair method providing of state assistance for solar and other renewable energy systems, because the utility will spread the cost among all its users. Under the current net metering system, solar power is being encouraged through rebates to individual homeowners, so that, in effect, utility customers and state taxpayers are subsidizing individual home improvements as a method of encouraging solar power.

“A feed-in tariff would take New York ratepayers out of the banking business,” said Thompson.

A feed-in tariff slated to last for 20 years, he said, is a better way to spur investment because it provides certainty that a market will emerge. “My boss here at Atlantis is considering making millions of dollars in investment in Poughkeepsie, but he wonders is the market going to be there,” said Thompson. “If the New York state Legislature passed a feed-in tariff law, that gives companies the confidence to make investments.       

    
“Part of the reason the economy is in the tank is lack of confidence,” said Thompson. “But Wall Street has found strong certainty that the sun will rise every day. Solar power is a known entity that produces power at a very reliable predictable rate. It provides long term surety.”Â   

The idea for a feed-in tariff also benefits utilities, he said, because the distributed solar panels provide the most power on hot summer days, just when demand in the Northeast is peaking and stressing the generators and transmission system. Solar systems can be local, and would negate the need for multibillion-dollar investments in power plants and transmission lines and, because they would relieve pressure at peak times, would reduce the chances of a massive blackout. “Utilities may not realize it yet, but solar and utilities are natural allies,” Thompson said.

This page is available to subscribers. Click here to sign in or get access.

Previous Post

Organic growth on the Internet

Next Post

Former exec reborn with new venture

Jim Gordon

Jim Gordon

Related Posts

Rockland BOCES begins $47.9M capital project
Construction

Rockland BOCES begins $47.9M capital project

December 10, 2025
Legal records December 8, 2025
Legal Notices

Legal Notices December 8, 2025

December 9, 2025
Legal records December 8, 2025
Premium Content

Legal records December 8, 2025

December 9, 2025
Next Post

RBA’s Pinnacle Awards event

Honoring Susan Metzger

Businesses need to prove credit-worthiness to banks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletter

Lifestyle

  • Exclusives
  • Good Things Happening
  • Food & Restaurants
  • Travel
  • Health & Fitness
  • Home & Design

World News

BREAKING NEWS: Fed cuts interest rates 1/4%; hints at two more cuts this year
World News

CNN WIRE — Fed lowers interest rates for the third time in a row: VIDEO

by CNN Wire
December 10, 2025
0

By Bryan Mena, CNN Washington (CNN) — The Federal Reserve on Wednesday lowered interest rates again in a continued effort...

U.S. and world news for Dec. 10

U.S. and world news for Dec. 10

December 10, 2025
U.S. and world news for Sept. 25

CNN WIRE — Justice Department has plan to prosecute Comey again

December 9, 2025
U.S. and world news for Oct. 15

U.S. and world news for Dec. 9

December 9, 2025
CNN WIRE — Justice Sotomayor plans to remain on Supreme Court: VIDEO

CNN WIRE — Conservative Supreme Court justices appear ready to give Trump more power

December 8, 2025
CNN WIRE — Paramount, headed by Ellison, makes bid for Warner Bros.: VIDEO

CNN WIRE — Paramount, headed by Ellison, makes bid for Warner Bros.: VIDEO

December 8, 2025
No Result
View All Result

Latest News

Rockland BOCES begins $47.9M capital project
Construction

Rockland BOCES begins $47.9M capital project

by Peter Katz
December 10, 2025
0

Construction of a $47.9 million project by Rockland BOCES has gotten underway on its West Nyack campus...

Danbury Fair continues community-centric festive events this holiday season

Danbury Fair continues community-centric festive events this holiday season

December 10, 2025
BREAKING NEWS: Fed cuts interest rates 1/4%; hints at two more cuts this year

CNN WIRE — Fed lowers interest rates for the third time in a row: VIDEO

December 10, 2025
Awards season sees Westchester in the movie and TV spotlight

Awards season sees Westchester in the movie and TV spotlight

December 10, 2025
THREE LAW FIRM PARTNERS NAMED TO 2025 IRISH LEGAL 100

Three Law Firm Partners Named to 2025 Irish Legal 100

December 10, 2025
Logo Westfair Business Journal

Latest News

Rockland BOCES begins $47.9M capital project

Danbury Fair continues community-centric festive events this holiday season

CNN WIRE — Fed lowers interest rates for the third time in a row: VIDEO

  • About Us
  • Contact Us
  • Advertise
  • Privacy Policy
  • Terms of Use
  • Sign in

Trending Westchester

Subscribe to our newsletter

© 2024 Westfair Business Publications. All rights reserved. Westfair Communications (Westfair), a privately held publishing firm based in Mount Kisco, N.Y., publishes the Westchester County Business Journal in New York state and the Fairfield County Business Journal in Connecticut.

No Result
View All Result
  • HOME
    • WESTCHESTER
    • FAIRFIELD
  • E-EDITIONS
    • Business Journal
    • Podcasts
  • MEMBERS
  • BUSINESS LISTS
  • INDUSTRIES
    • Real Estate
    • Economic Development
    • Hudson Valley
    • Courts
    • Banking & Finance
    • Construction
    • Economy
    • Education
    • Health Care
    • Food & Beverage
    • Government
    • Mergers & Acquisitions
    • Nonprofits
    • Retail
    • Technology
    • Home & Design
    • Health & Fitness
    • Travel
    • Lifestyle
  • SMALL BUSINESS
    • Small Business
    • Food & Restaurants
  • EVENTS
    • 2026 Women in Power
    • 2026 40 Under Forty
    • Events Calendar
    • Past Events
      • 2025
      • 2024
      • 2023
      • 2022
      • 2021
  • GOOD THINGS
  • VIDEOS
    • Our Starting Lineup
    • News Videos
  • PARTNERS
  • ADVERTISE
  • SUBSCRIBE
    • NEWSLETTERS
    • DIGITAL ACCESS

© 2024 Westfair Business Journal. All rights reserved.