This document discusses the value of solar photovoltaics (PV) for New York state. It notes that PV provides value to system owners, utilities, and constituents. For each group, it lists various costs and benefits to consider when evaluating the net benefit of PV, such as equipment costs, incentives, impact on utility bills, tax effects, and utility cost savings. The document emphasizes that a comprehensive initial evaluation is needed to understand the full value proposition of PV for New York across energy production, generation capacity, transmission and distribution infrastructure deferral, environmental impacts, and economic development.