New Energy Equity and EmPower Solar Expand New York Footprint with 2MW Community Solar Project

Annapolis, MD, March 22, 2022 — New Energy Equity (“New Energy”), a national developer and financier of community and commercial solar projects, announced today the completion of a 2MW system with EmPower Solar (“EmPower”), a New York solar energy commercial and residential developer. With an annual production of 2,456 MWh, the roof mounted system boasts more than 5,000 solar panels and sits atop the warehouse of a local business, Four Seasons Sunrooms of Long Island.

“EmPower’s robust experience and expertise in the New York Community Solar market made them an excellent partner to work with on the Four Seasons community solar project,” said New Energy’s Vice President of Business Development, Josh Kunkel. “As our first project in the Long Island area, it further establishes New Energy’s commitment to the New York Community Solar market and advances our mission of expanding clean energy access to all communities.”

Contrary to a typical “behind-the-meter” solar installation, the system is connected directly to the grid as part of a community solar program where other commercial and residential customers can subscribe to purchase electricity generated by the system. The energy generated provides local businesses and homeowners the advantage of decreasing their energy costs while utilizing clean solar energy.

“Community solar offers a way for building owners to create new income by hosting a solar power system,” said David G. Schieren, CEO of EmPower Solar. “These types of projects also provide discounted energy to local communities. We’re proud to have partnered with New Energy on this project, which is a win all around.”

About New Energy Equity

Founded in 2013, New Energy Equity develops and finances solar power generation assets, providing clean electricity to commercial, industrial, municipal, and utility customers under long-term contracts. New Energy Equity has successfully developed over 310MW of solar projects and closed more than $600M in clean energy investments. The company was ranked as the 7th Top Solar Developer and the 8th Top Solar Contractor on Solar Power World’s “2021 Top Solar Contractors” list and voted one of the fastest-growing energy companies in D.C., Maryland, and Virginia by Inc. Magazine. To learn more, visit http://www.newenergyequity.com.

About EmPower Solar

EmPower Solar develops, engineers, installs, and services solar and battery systems for residential and commercial clients. Since 2003, EmPower Solar has empowered thousands of New York homeowners and businesses with 47 megawatts of distributed solar. Its vision is to create a new energy paradigm powered by clean, renewable energy for a more prosperous, healthy, and civil world. The company culture is defined by the EmPowering Way, which results in consistent 5-star customer service reviews. For more information, visit https://www.empower-solar.com/.