Turning Unused Land into Steady Income and Supporting New York's Energy Future
New York is investing heavily in clean-energy storage, and landowners now have a unique chance to participate. Through the Retail Energy Storage Incentive Program, property owners can lease a small portion of their land for a state-backed battery storage system while earning reliable, long-term income and helping keep local power flowing during periods of high demand.
At Bluesphere Ventures, we simplify the entire process so you can benefit without taking on cost or complexity.
How the Program Works
The New York State Energy Research and Development Authority (NYSERDA) has approved nearly $900 million in funding for community-scale energy storage projects. The program supports battery systems up to 5 MW / 20 MWh each, enough to serve thousands of homes, yet compact enough to fit comfortably on a few acres.
NYSERDA allocates funding through "MWh Blocks," each offering a set incentive rate per kilowatt-hour (kWh) of storage. Once a block fills, the next one offers a slightly lower rate, meaning early participants lock in the best payouts.
Applications are open statewide (except Long Island) through December 31, 2030, or until available funds are allocated.
Why This Is a Great Opportunity for Landowners
Hosting a battery storage system requires no upfront investment — just available land in a qualifying location. In return, you receive predictable lease payments backed by a long-term land lease. Here is what makes it appealing:
Reliable Income
A steady lease with guaranteed, bankable payments.
Community Value
Batteries reduce strain on the electric grid and improve local reliability.
Minimal Impact
A 5 MW system typically fits within one acre and is completely removable at the end of its life.
Ideal for Challenging Sites
Closed landfills, industrial lots, or unused parcels can all work perfectly — often turning idle ground into a productive asset.
What Makes a Site a Good Fit
While every property is unique, the strongest candidates typically have:
- 2 to 3 flat, buildable acres
- Access to three-phase utility lines and a nearby substation
- Zoning that allows for utility or energy use (or flexibility to adopt state battery storage guidelines)
- Suitable road access for installation and maintenance crews
If you are unsure whether your site qualifies, we will provide a complimentary site evaluation.
How Bluesphere Ventures Handles Everything
Our team specializes in converting underused properties into sustainable energy assets. We manage all permitting, design, and development work from start to finish so your role stays simple.
Free Site Review
We check technical, environmental, and incentive eligibility at no cost to you.
All-Inclusive Development Management
We fund 100% of costs, including engineering, studies, and utility coordination.
Regulatory and Permitting Expertise
We handle prevailing-wage compliance, municipal approvals, and state documentation.
Turnkey Build and Operation
We hire top EPC partners, commission the system, and maintain it for years to come — while you enjoy consistent rental income.
Ready to Explore What Your Land Can Earn?
The Retail Energy Storage Incentive Program is live, but participation is capped within each funding block. Acting early helps you lock in the highest possible rates and maximize your return.
If you own property that is currently unused or difficult to develop, Bluesphere Ventures can turn it into a long-term revenue stream, while contributing to a stronger, cleaner New York grid.