Con Edison reports record community solar participation and clean energy investments

Tim Cawley Chairman, President, and Chief Executive Officer at Con Edison - Con Edison
Tim Cawley Chairman, President, and Chief Executive Officer at Con Edison - Con Edison
0Comments

Con Edison and its customers have achieved new milestones in clean energy adoption during the first half of 2025, coinciding with Climate Week. The company reported that participants in community solar programs earned $43.7 million in renewable energy credits, an increase of $9 million compared to the same period last year. Approximately 55,000 solar customers saw their electric bills reduced to zero at least once.

The New York State Public Service Commission has authorized Con Edison to invest $2.1 billion between 2026 and 2030 to support customer initiatives focused on energy efficiency and building electrification. Additionally, Con Edison is using a “dig once” approach to develop infrastructure for electrifying 2,000 school buses and 3,000 medium- and heavy-duty vehicles.

“More New Yorkers are choosing to adopt solar power and a cleaner, more affordable energy future,” said Greg Elcock, vice president, Customer Clean Energy Programs at Con Edison. “This demonstrates what’s possible when we work with customers, communities, city, state and local governments to increase energy efficiency and reduce costs.”

From January through June 2025, about 440,000 income-eligible customers received over $125 million in bill discounts through the Energy Affordability Program. The company is implementing an expanded version of this program following approval from the Public Service Commission in July. Income-eligible customers also received $10.4 million in incentives for energy efficiency and building electrification.

Con Edison’s Micromobility program supported Brooklyn’s first battery swap hub for e-bike riders. Through its PowerReady program, the company provided $31 million toward installing more than 3,200 Level 2 electric vehicle (EV) charging plugs and 65 Direct Current Fast Charging (DCFC) plugs. Nearly half of these installations are located in New York State-designated Disadvantaged Communities or are publicly accessible.

The company completed a transmission line between Gowanus and Greenwood on schedule and within budget to enhance capacity and reliability for Brooklyn customers.

Customers continue transitioning away from fossil-fuel powered HVAC systems by installing heat pumps; more than 3,100 heat pumps were installed for space heating/cooling and another 119 for hot water use during the reporting period. Customers accessed $34.4 million from the Clean Heat Program for these upgrades.

Heat pump incentives help offset upfront costs as customers switch to emissions-free options that use electricity instead of fossil fuels for heating or cooling spaces or water. According to Con Edison, heat pumps can be up to three times more efficient than traditional systems.

Westchester County leads the region with over 14,400 solar arrays capable of generating more than 200 megawatts of electricity; Queens follows closely with over 195 megawatts from nearly twice as many arrays (27,800). Across all areas served by Con Edison, there are now more than 80,000 installations with a combined capacity of 728 megawatts.

Battery storage adoption continues as well: Westchester County has installed over 700 battery systems with a total storage capacity of nearly 29 megawatts; Staten Island leads overall battery storage capacity with over 32 megawatts installed.

Con Edison’s “Clean Energy Update” provides details on progress made by both customers and the company regarding clean technologies such as solar power, battery storage systems, EVs, and building electrification measures—all supporting New York’s broader clean energy goals.

Con Edison is a subsidiary of Consolidated Edison Inc., one of the largest investor-owned energy companies in the United States. The utility serves approximately 3.7 million customers across New York City and Westchester County.



Related

Robert L. Santos Director, U.S. Census Bureau

Census Bureau releases 2025 Annual Survey of Public Pensions

The U.S. Census Bureau reports that public pensions surpassed $6 trillion nationwide in 2025 according to its latest annual survey. State and local governments saw increases both in assets invested and benefits paid out compared to last year.

Kirkland “Kirk” B. Andrews Senior Vice President and Chief Financial Officer at Con Edison

Con Edison executives to meet with investors at financial conferences in May and June 2026

Consolidated Edison executives plan to meet with investors at upcoming financial conferences in May and June 2026. The company has posted its investor presentation online for public access. Subsidiaries provide electricity, gas, steam services across New York City area.

Amir Korangy, President

Con Edison announces $2 billion at-the-market equity offering program

Consolidated Edison has announced a $2 billion at-the-market equity offering program. Proceeds will support investments in its subsidiaries and general corporate purposes. The company outlined risks associated with future expectations.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Lohud Commercial.