|Incentive Type:||State Rebate Program|
|Eligible Efficiency Technologies:||Comprehensive Measures/Whole Building, Custom/Others pending approval|
|Incentive Amount:||50-75% of incremental costs, depending on type of project|
|Equipment Requirements:||Energy efficiency measures must exceed energy code|
|Expiration Date:||12/31/2015 (or until funding is exhausted)|
The New York State Energy Research and Development Authority (NYSERDA) encourages the incorporation of energy efficiency and renewable-energy resources into the design, construction and operation of agricultural, commercial (wholesale/retail), industrial/manufacturing, institutional and multi-family buildings (5 units or more) through the Energy $mart New Construction Program. The definition of eligible applicants includes governmental entities, not-for-profits, health care facilities, K-12 schools, colleges and universities. Substantial renovations of existing buildings are also eligible for incentives under this program. Residents and businesses interested in participating in this program should first contact NYSERDA at (866) 697-3732. NYSERDA can walk potential participants through the process, and help them to better understand the program and how they can benefit from it.
Under Program Opportunity Notice 1601 (PON 1601), $91 million is available to conduct technical assessments of energy-efficiency measures in building designs and to offset up to 75% of the incremental capital costs to purchase and install energy-efficient equipment. Maximum incentive amounts vary by project type and incentive category. Incentive amounts for projects in Consolidated Edison's (ConEd) service territory are generally higher than incentive amounts for projects in other utilities' service territory. The total per project limit is $1.575 million for projects in ConEd's service territory and $825,000 for eligible customers of other utilities. Bonus incentives for certain improvements are not counted towards the project cap.
Funding is available for technical assistance; commissioning services; pre-qualified measures; custom electric efficiency measures; whole-building design; and LEED projects. Incentives are based on the predicted energy performance of the building design and are available on a first-come, first-served basis from January 4, 2012 through December 31, 2015. For details or additional information, see the current program solicitation at the program web site, shown above.
The program is funded by the New York's System Benefits Charge (SBC) and is only available to electricity and natural gas customers that pay this charge.