Dive Summary:

• The New York State Energy Research and Development Authority is awarding $54 million to 79 large solar projects in the state, totaling 64 megawatts (MW) of capacity, the authority said Tuesday.
• An additional $120 million in private financing will support the projects which represent the second of three rounds of projects being funded. Last March, New York awarded $46 million for 76 projects.
• New York ranked 10th in the nation for new solar capacity installed in 2012, the Solar Energy Industries Association reports. New solar installations will be located at businesses, factories, municipal buildings, colleges and other commercial or industrial across 26 counties.

From the article:
“The incentives have been dropping as solar energy costs have declined, the authority said. The “portfolio-weighted average” incentive awarded today was 84 cents a watt, or about 31 percent of the cost to build the projects, down from $1.30 a watt in 2011, 93 cents a watt in 2012 and 88 cents a watt in March."