SOURCE: Con Edison Co. of NY, Inc.

Con Edison Co. of NY, Inc.

April 20, 2015 12:31 ET

Con Edison Customers Seeing Sunny Side of Saving Energy, Lowering Bills

Company Encourages Solar, Sees Opportunity in REV Proceeding

NEW YORK, NY--(Marketwired - Apr 20, 2015) - Rooftop solar arrays are helping more than 4,700 Con Edison customers lower their energy bills and protect the environment.

The company has encouraged its customers to consider whether solar energy is right for them and customers have responded by more than tripling the amount of solar production in New York City and Westchester County in just over two years.

The solar panels on homes and businesses in the area produce 67.5 megawatts of clean power, compared with 18.2 megawatts at the end of 2012, according to Con Edison's latest numbers, which the utility released with Earth Day 2015 approaching.

"New York State's Reforming Energy Vision proceeding is a great opportunity to make it easier for customers to choose clean energy options like solar," said Patrick McHugh, Con Edison's vice president, Engineering and Planning. "It's clear our customers want the ability to better manage the ways they get and use energy, and we support the REV initiative's move in that direction."

Incentives from the New York State Energy Research and Development Authority, tax breaks and the state's net metering law have made solar economically attractive. The net metering law allows customers to sell excess power that their panels generate back to the utility.

To see a video on how net metering helps a solar customer save money, go to: http://bcove.me/pdctr9p7

In 2014 alone, 2,138 Con Edison customers installed solar photovoltaic panels for yearly growth of 25 MW.

Customers in Westchester County have installed 1,484 solar projects producing 20 megawatts. In New York City, the borough with the most solar penetration is Staten Island, where customers have completed 1,986 projects producing 16.9 megawatts.

In 2013, Con Edison's engineers deployed smart grid technology to make it possible for Jetro Cash and Carry's Restaurant Depot, a restaurant supply company in the Bronx, to install the largest solar array in New York City. The Jetro panels produce 1.6 megawatts.

Since then, five additional companies in New York City have taken advantage of the Con Edison technology to make giant installations possible. Without the technology, the large backflow of power from these large installations would cause the customers to be blacked out.

Con Edison has even installed solar panels on its headquarters in Manhattan. The 200 panels produce 40 kilowatts.

Con Edison contributed technical support for the creation of the New York City Solar map (http://www.nycsolarmap.com/), a tool that lists the solar potential of every building in the city.

A Con Edison website, http://www.coned.com/dg/solarenergy/, explains the benefits of solar, the installation process and net metering.

Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE: ED), one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $44 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit us on the web at www.conEd.com, for energy efficiency rebates and incentives at www.coned.com/energyefficiency, and on Twitter and Facebook.

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