— A new $1.8 billion electric power plant is expected to generate electricity for about 1.5 million homes and businesses in New York state by 2021, as part of a larger push to reduce carbon emissions.
New York Power, which owns the plant, said in a news release Wednesday that it has received a $1,700 rebate from the state’s renewable energy portfolio standard program, or RET, to fund a new plant.
The rebate will provide a $100 credit to the first $3,000 of construction costs and $300 credit to $3.5 for each additional $1 of construction.
The $1 million rebate covers construction costs for a new generation steam boiler at the Hartsfield-Jackson International Airport, which is slated to open in 2021.
The company also said the plant will be powered by renewable energy sources, and will provide up to 5 megawatts of electricity for a total of up to 10 megawatts.
The plant will have a capacity of 5 megawatt hours, which will be enough power to power approximately 1,400 homes, according to a release from the New York Power Department.
New York is one of the states that has been working to reduce its greenhouse gas emissions.
The state plans to replace coal-fired power plants by 2030.
The state will also be installing 1,500 solar panels on top of existing power lines and will expand the power grid for new customers, the release said.
New Yorkers will be able to buy their electricity from New York State Energy Conservation Authority, which was created in September 2017.
The authority is the primary source of power in the state, as it sells electricity directly to consumers.