How New York City Is Turning Its Thousands of Roofs Into Pow…
How New York City Is Turning Its Thousands of Roofs Into Power Providers New York City is home to thousands of acres of rooftop [and] some of the most expensive electricity in the country. Yet New York has been slower than other big cities in tapping into one constant source of clean energy: the sun. Now though, some of the biggest expanses of flat roof in New York are being turned into sources of cheap and green electricity. This year, the corporate owner of Stuyvesant Town-Peter Cooper Village in Manhattan completed the installation of the country’s largest array of solar panels on an apartment complex. And soon, the Bronx could have an even larger one, at the massive Co-Op City complex. In June, the state said that it aimed for 70 percent of its power to be generated from renewable sources by 2030. Two months before, the New York City Council passed an ordinance that will require most new buildings to be topped with solar panels or roofs covered in grass or other vegetation. The project at StuyTown, as the complex is known, incorporated more than 9,000 solar panels onto 56 rooftops, making it by far the biggest in Manhattan. It effectively doubled the borough’s solar capacity, adding 3.9 megawatts, or enough to power more than 1,100 apartments. The city and state have driven much of the investment in solar power by providing tax breaks and other incentives to homeowners and landlords. The state incentives began in 2014 with a goal of creating 3 gigawatts — 3,000 megawatts — of solar capacity statewide by 2023. Still, the projects illustrate the limitations so far of solar power, given that they would produce only a fraction of the electricity consumed on their own sites. But even though not enough energy is generated to power all of the [StuyTown] complex, the solar energy will take pressure off the power distribution network on hot summer days when demand from customers is peaking. New York now ranks sixth among American cities in the capacity of its installed solar panels, according to Environment America, an advocacy group. Still, its total of about 200 megawatts is less than half of the capacity in Los Angeles, which has the highest capacity of any city in the country Based on the article, which of the following best identifies the author’s claim?
Read DetailsHow New York City Is Turning Its Thousands of Roofs Into Pow…
How New York City Is Turning Its Thousands of Roofs Into Power Providers New York City is home to thousands of acres of rooftop [and] some of the most expensive electricity in the country. Yet New York has been slower than other big cities in tapping into one constant source of clean energy: the sun. Now though, some of the biggest expanses of flat roof in New York are being turned into sources of cheap and green electricity. This year, the corporate owner of Stuyvesant Town-Peter Cooper Village in Manhattan completed the installation of the country’s largest array of solar panels on an apartment complex. And soon, the Bronx could have an even larger one, at the massive Co-Op City complex. In June, the state said that it aimed for 70 percent of its power to be generated from renewable sources by 2030. Two months before, the New York City Council passed an ordinance that will require most new buildings to be topped with solar panels or roofs covered in grass or other vegetation. The project at StuyTown, as the complex is known, incorporated more than 9,000 solar panels onto 56 rooftops, making it by far the biggest in Manhattan. It effectively doubled the borough’s solar capacity, adding 3.9 megawatts, or enough to power more than 1,100 apartments. The city and state have driven much of the investment in solar power by providing tax breaks and other incentives to homeowners and landlords. The state incentives began in 2014 with a goal of creating 3 gigawatts — 3,000 megawatts — of solar capacity statewide by 2023. Still, the projects illustrate the limitations so far of solar power, given that they would produce only a fraction of the electricity consumed on their own sites. But even though not enough energy is generated to power all of the [StuyTown] complex, the solar energy will take pressure off the power distribution network on hot summer days when demand from customers is peaking. New York now ranks sixth among American cities in the capacity of its installed solar panels, according to Environment America, an advocacy group. Still, its total of about 200 megawatts is less than half of the capacity in Los Angeles, which has the highest capacity of any city in the country. Which of the following pieces of evidence does the author use to support the claim that the solar panel installation on the StuyTown complex is the largest in Manhattan?
Read DetailsUse the FORVAL for Excel to conduct the financial analysis a…
Use the FORVAL for Excel to conduct the financial analysis at a 5%, 7.5%, 10%, and 12.5% minimum acceptable rates of return (MARR). Use the “Open DCF Results As A PDF file” tab to convert your results to a PDF document and save it on your computer. In the next question, you will need to upload this PDF document for grading. The output must include your name and the name of your forest consulting company in the FORVAL’s designated place. This is a test software version not intended for the general public use. The use of this software outside of FO 4203/6203 class is strictly prohibited. What is the net present value (NPV) MARR of 5%? Activity Year Cash Flow ($/ac) Site preparation and planting 0 -250.00 Annual tax and management 1-25 -3.00 Annual hunting lease income 1-25 10.00 Thinning cost [a] [d] Thinning revenue [b] [g] Harvest 25 [k]
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