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StocksMedium•17 April 2026•

1 min read

PowerBank Secures $1.1M NYSERDA Incentive for New York Solar Project

Key Facts

1PowerBank secured $1,119,618 in incentives from NYSERDA for its 7.1 MW Jordan Rd 2 community solar project.

2The project is located in Skaneateles Falls, New York, and is expected to power the equivalent of 895 homes annually.

PowerBank Corporation (NASDAQ: SUUN) has secured $1.12 million in incentives from the New York State Energy Research and Development Authority (NYSERDA) for its Jordan Rd 2 community solar project. The funding, awarded under the NY-Sun Program, supports the development of a 7.1 MW solar facility located in Skaneateles Falls, New York. Once operational, the project is expected to generate enough renewable energy to power approximately 895 homes annually. This initiative focuses on utilizing brownfield lands to expand New York's clean energy infrastructure. Financial analysts view the incentive as a positive development that reduces capital expenditure and validates the company's project pipeline. The award underscores PowerBank's strategic alignment with state-level renewable energy goals and its growing footprint in the sustainable utility sector.