$28.6 Million Awarded Under NY-Sun Program

Posted by SI Staff on March 05, 2014 No Comments
Categories : New & Noteworthy

Gov. Andrew M. Cuomo, D-N.Y, has unveiled $28.6 million in awards under the NY-Sun initiative, including 29 photovoltaic projects totaling 33.6 MW and eight programs to reduce the costs of solar installations.

The $25.8 million for the 29 mid-range projects were awarded under the NY-Sun Competitive PV solicitation, which provides incentives for PV systems larger than 200 kW. The projects will also attract $58.6 million in private investment, resulting in roughly $84.4 million in public-private financing.

The solar cost-reduction projects, which total $2.8 million in awards, were funded by New York State Energy Research and Development Authority. These support efforts to reduce soft costs, such as business costs, customer acquisition costs, installation costs, and permitting and inspection costs.

Leave a Comment