Buffalo, New York, December 17, 2025
PowerBank Corporation has secured essential permits for its 3.15 MW DC hybrid solar project in Buffalo, New York. This initiative aims to integrate solar energy with energy storage, promoting community participation in renewable energy. By allowing renters and businesses to subscribe to the solar farm, PowerBank is making clean energy accessible without the need for on-site equipment installation. The project is expected to qualify for state and federal financial incentives, contributing to New York’s renewable energy goals and economic growth.
PowerBank Corporation Advances Solar Project in Buffalo
New York’s Clean Energy Initiative Receives Boost with Key Permits
Buffalo, New York – PowerBank Corporation (NASDAQ: SUUN) has made significant strides in advancing its 3.15 MW DC hybrid solar-plus-energy-storage project in Buffalo. The company recently secured necessary permits including a Waterfront Consistency Review and a Zoning Map Amendment, moving the initiative closer to approval by the Zoning Board of Appeals for an Area Variance.
This ambitious project aims to harness renewable energy by integrating 1.2 MWh of energy storage with a community solar model. This innovative approach allows renters, businesses, and homeowners to subscribe to the solar farm, accessing clean energy while receiving bill credits, all without requiring the installation of on-site equipment. By feeding clean energy directly into the local grid, PowerBank is not only contributing to the environment but also making clean energy accessible for a wider audience in New York.
The Role of Community Solar
The community solar model employed by PowerBank represents a significant shift in how renewable energy initiatives are structured. Subscribing to a community solar program allows diverse groups, including those living in multi-family housing or renting spaces, to participate in the clean energy transition, encouraging widespread adoption and engagement without the burden of equipment installation. This could foster a sense of community involvement and empowerment in renewable energy initiatives.
Financial Incentives and Future Prospects
PowerBank is optimistic about the financial support the project may receive. Anticipated eligibility for incentives through the New York State Energy Research and Development Authority’s (NYSERDA) NY-Sun and Retail Energy Storage Incentive Programs, alongside potential federal investment tax credits under the One Big Beautiful Bill Act of 2025, could bolster the project’s financial viability and assist in its deployment.
These funding mechanisms highlight the importance of both state and federal roles in enabling private sector investment in renewable energies, potentially leading to a lower burden on taxpayers while stimulating economic growth through private enterprise.
PowerBank’s Experience and Development Pipeline
With a portfolio boasting over 100 MW of completed projects and a development pipeline exceeding 1 GW, PowerBank is well-positioned to deliver impactful renewable energy solutions. Its experience in managing successful projects assures stakeholders of its capability to navigate the complexities involved in large-scale energy initiatives effectively.
This level of readiness contributes positively to New York’s ambitious renewable energy goals, which include achieving 10 GW of distributed solar and 6 GW of energy storage by 2030.
New York’s Leading Role in Community Solar
New York has emerged as a national leader in community solar capacity, having accomplished the goals set forth in the New York State Climate Act. As it continues to prioritize renewable energy adaptation, initiatives like PowerBank’s project align perfectly with these state objectives, underscoring the commitment to reducing carbon footprints while enhancing local economies through job creation in the renewable energy sector.
Market Reflection
As of now, PowerBank’s stock (NASDAQ: SUUN) is trading at $1.44, representing a slight decrease of 0.08% from the previous close. Despite the minor fluctuation, the ongoing developments in their Buffalo project may entice potential investors, particularly those interested in the growing renewable energy sector.
Conclusion
The advancement of PowerBank’s hybrid solar project in Buffalo signifies a hopeful step toward greater energy independence and sustainability for New Yorkers. It reflects the potential of private enterprise to contribute to community and environmental well-being while invoking public and private sector collaboration. As interests in renewable energy continue to rise, supporting such initiatives will be crucial in shaping the economic landscape of New York.
Readers are encouraged to stay informed and engaged with local developments in renewable energy, which not only foster community resilience but also pave the way for a sustainable and economically vibrant future.
Frequently Asked Questions (FAQ)
What is the capacity of PowerBank’s solar project in Buffalo?
The project has a capacity of 3.15 MW DC and includes 1.2 MWh of energy storage.
How does the community solar model work?
Renters, businesses, and homeowners can subscribe to the solar farm, receiving bill credits and savings without installing on-site equipment. The clean energy generated is fed directly into the local grid.
What incentives is the project eligible for?
The project is expected to qualify for financial incentives through NYSERDA’s NY-Sun and Retail Energy Storage Incentive Programs and federal investment tax credits under the One Big Beautiful Bill Act of 2025.
What is PowerBank’s experience in renewable energy projects?
PowerBank has completed over 100 MW of projects and has a development pipeline exceeding 1 GW, demonstrating its expertise in delivering renewable energy solutions.
What are New York’s renewable energy goals?
New York aims to achieve 10 GW of distributed solar and 6 GW of energy storage by 2030, leading the U.S. in community solar capacity.
Key Features of PowerBank’s Buffalo Solar Project
| Feature | Details |
|---|---|
| Project Capacity | 3.15 MW DC with 1.2 MWh energy storage |
| Location | Buffalo, New York |
| Community Solar Model | Allows subscribers to receive bill credits without on-site equipment |
| Incentives | Eligible for NYSERDA’s NY-Sun and Retail Energy Storage Incentive Programs, and federal investment tax credits under the One Big Beautiful Bill Act of 2025 |
| PowerBank’s Experience | Over 100 MW of completed projects and a development pipeline exceeding 1 GW |
| New York’s Renewable Energy Goals | Aim for 10 GW of distributed solar and 6 GW of energy storage by 2030 |
Now Happening on X
- @PrismMarketView (December 16, 2025): PowerBank (NASDAQ: SUUN) is advancing its 3.15 MW DC hybrid solar-plus-storage project in Buffalo, NY, after securing key permits including Waterfront Consistency Review and Zoning Map Amendment, with plans for a 1.2 MWh BESS and community solar model to power local subscribers. View on X
- @TheTape_TNM (December 16, 2025): Breaking news on $SUUN advancing its 3.15 MW solar plus storage project in Buffalo, NY. View on X
- @greenstocknews (December 16, 2025): PowerBank is advancing its 3.15 MW project in New York with the capacity to power 393 homes, highlighting clean energy and solar power initiatives. View on X
- @UtilityDive (December 10, 2025): NYPA adopts a 5.5-GW renewables plan amid affordability and policy concerns, including major solar, wind, and storage projects from developers like AES, EDF Renewable Energy, Forward Power, and Orenda. View on X
- @NYSERDA (December 13, 2025): Renters can save on energy bills through simple changes and community solar, supporting local clean energy without hassle. View on X
- @TheBuffaloNews (December 16, 2025): New York’s energy plan, adopted unanimously, commits to renewables while emphasizing reliability and affordability across various energy sources. View on X
- @recoverbmore (December 16, 2025): Early impacts of solar program include 50 installations completed, 18 households served, over 1,500 residents reached via workshops, and ongoing job training in the solar industry. View on X
- @DaveElderDotCom (December 11, 2025): NYSERDA’s agrivoltaics program helps NY farmers integrate solar panels to boost crop output and clean energy production. View on X
Deeper Dive: News & Info About This Topic
HERE Resources
PureSky Energy Launches Solar Project in Canandaigua, NY
What Are the Most Cost-Effective Home Improvements That Pay Off?
What Are the Most Effective Trends for Boosting Curb Appeal in Your Home Renovation?
New York Accelerates Clean Power Tender Amid Federal Changes
Northern Lights Expected to Illuminate NYC Skies Tonight
What Are the Best Techniques for Planning an Eco-Friendly Home Renovation?
New York’s Economic Development Initiatives Propel Statewide Growth
New York State Faces Surging Energy Costs Amid Data Center Demand
New York Plans to Develop New Nuclear Energy Facilities
NYC Faces Power Supply Challenges Amid Rising Demand
Author: STAFF HERE NEW YORK WRITER
The NEW YORK STAFF WRITER represents the experienced team at HERENewYork.com, your go-to source for actionable local news and information in New York, the five boroughs, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as New York Fashion Week, Macy's Thanksgiving Day Parade, and Tribeca Film Festival. Our coverage extends to key organizations like the Greater New York Chamber of Commerce and United Way of New York, plus leading businesses in finance and media that power the local economy such as JPMorgan Chase, Goldman Sachs, and Bloomberg. As part of the broader HERE network, including HEREBuffalo.com, we provide comprehensive, credible insights into New York's dynamic landscape.
