31 Dec '15, 2pm

New York re-allocates $6 million in solar incentives

Due to project cancellations and changes, the New York State Energy Research and Development Authority (NYSERDA) is now sitting on over US$6 million in funds through a solar incentive program, which it plans to re-assign to other projects. NYSERDA manages the NY-Sun MW Block incentive program, which provides rebates to residential, commercial and industrial installations. The MW Block program's per-watt rebate levels are set in “blocks” which decline in value over time as more solar comes online and the program hits targets, similar to the California Solar Initiative. The $6 million in funds is being re-allocated to the both the Upstate Residential and Non-Residential programs, as well as to the Con Edison Residential and Non-Residential programs. This should allow an combined total of 12.5 MW of new solar PV. NYSERDA also previously announced the addition of 18 MW for the...

Full article: http://www.pv-magazine.com/news/details/beitrag/new-york-...

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