PowerBank Secures $1.12 Million in NY Incentives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
0mins
Should l Buy SUUN?
PowerBank's 7.1 MW Jordan Rd 2 community solar project located on privately-owned brownfield lands in Skaneateles Falls, New York has been approved for up to $1,119,618 in incentives through the New York State Energy Research and Development Authority, or NYSERDA, NY-Sun Program. The Project is also expected to qualify for up to an additional $1,576,590 in NY-Sun incentives through the Inclusive Community Solar Adder. The Project received its municipal approvals, previously announced here. The Project has received its brownfield-specific environmental approvals to operate from the NYS Department of Environmental Conservation. The Jordan Rd 2 Project is expected to deliver enough energy to power approximately 895 homes annually. The Project will be operated as a community solar project. The Project advances New York's path to 10 GW of solar by 2030.
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Analyst Views on SUUN
Wall Street analysts forecast SUUN stock price to rise
1 Analyst Rating
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Moderate Buy
Current: 0.561
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6.00
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Current: 0.561
Low
6.00
Averages
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About SUUN
PowerBank Corp, formerly SolarBank Corporation, is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The Company develops solar, battery energy storage systems (BESS) and EV charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. It has a diverse portfolio of projects across multiple North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Battery Cost Decline: The 90% drop in battery costs over the past 15 years supports rapid growth in renewable energy, making battery storage essential for balancing supply and demand, thus strengthening PowerBank's competitive position in the market.
- Community Solar Project: The project will operate as a hybrid community solar plus storage initiative, expected to provide power to dozens of local homes, allowing subscribers to earn credits on their electric bills, thereby reducing their cost per kilowatt-hour and enhancing customer loyalty.
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See More
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