NYSERDA Financial Incentives

NYSERDA Financial Incentives – 2013nyserda

Source

Existing Buildings – Maximum Incentives

Firm Gas = Gas Only / Non-Firm = Duel Fuel

Project Type Firm Gas (per unit) Non-Firm Gas (per unit)
Affordable $1,000 $800
Market Rate $700 $500

Note: A project’s incentive may be reduced based on the cost and/or cost-effectiveness of the recommended upgrades.

Performance Bonus Payment

Existing buildings that project at least 20% energy reduction in the Energy Reduction Plan may also be eligible for an additional Performance Payment in accordance with the table below.

Tier Performance Payment (per unit)
Tier #1 – 20%-22% $150
Tier #2 – 23%-25% $200
Tier #3 – 26%-28% $250
Tier #4 – 29%+ $300

Incentive Payment Schedule  (Existing Buildings)

The following incentive payment schedule detail the specific payment of a project’s base incentive.

Stage 1 – Upon approval of the project’s Energy Reduction Plan

Project Size Affordable Firm Gas (per unit) Affordable Non-Firm Gas (per unit) Market Rate Firm Gas (per unit) Market Rate Non-Firm Gas (per unit)
Fast Track 5-49 units N/A N/A N/A N/A
Standard Path 5-49 units $100 $80 $70 $50
Standard Path 50 units & up N/A N/A N/A N/A

 

Stage 2 – Upon inspection of at least 50% of the installed upgrades

Project Size Affordable Firm Gas (per unit) Affordable Non-Firm Gas (per unit) Market Rate Firm Gas (per unit) Market Rate Non-Firm Gas (per unit)
Fast Track 5-49 units N/A N/A N/A N/A
Standard Path 5-49 units $400 $320 $280 $200
Standard Path 50 units & up $500 $400 $350 $250

 

Stage 3 – Upon inspection of 100% of the installed upgrades

Project Size Affordable Firm Gas (per unit) Affordable Non-Firm Gas (per unit) Market Rate Firm Gas (per unit) Market Rate Non-Firm Gas (per unit)
Fast Track 5-49 units $1000 $800 $700 $500
Standard Path 5-49 units $500 $400 $350 $250
Standard Path 50 units & up $500 $400 $350 $250

 

Financing at about half the market rate

NYSERDA provides provides up to 50 percent of the principal borrowed, to a maximum of $5,000 per unit or $500,000 per energy-saving project, at 0% interest rate.

Borrowers, can also enjoy interest rates at about half the market rate for loans up to $1 million, from traditional lenders, who can open new relationships at reduced risk, with the backing of heavily funded state energy programs involved with every deal.

*Funding comes from Green Jobs – Green New York, a statewide initiative to strengthen our communities through energy efficiency.

http://www.nyserda.ny.gov/Green-Jobs-Green-New-York.aspx

Contact us to start your energy reduction strategy today.  800.524.4280