Clean Energy Search Results
NY Green Bank is a NYSERDA-sponsored, specialized investment fund working with the private sector to increase private investments into New York’s clean energy markets and expand availability of private capitol, creating a more efficient, reliable and sustainable energy system. Forms of financial support used include credit enhancement, project aggregation, and securitization.
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NYGATS is an online tracking system that manages the State’s voluntary market for tradable renewable energy certificates (RECs) and energy attribute certificates. Users can use the platform to apply for Renewable Energy Standard (RES) certification under New York’s Clean Energy Standard through their earned qualification statements, designating the RECs created by a facility as eligible for RES Tier 1 compliance (learn more about RES T Electric generation, imports, and consumption in New York State are continuously recorded using unique serial numbers. Registered users can trade, retire, or substantiate REC ownership to support energy compliance.
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The Multifamily Solar Loan offers a minimum of $200,000 in loans for building owners looking to finance up to 90% of their eligible solar photovoltaic projects (up to 100% for affordable multifamily properties). This loan offers construction financing, permanent financing, multiple draws, and incentive bridging.
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Low-Carbon Capital Planning Support offers cost-share incentives through the Flexible Technical Assistance (FlexTech) program to assist with multifamily building energy study funding. Portfolio-level studies enable low-carbon upgrade prioritization across one’s building portfolio. Building-specific studies focus the implementation of low carbon retrofits at one building. Studies will list recommended low carbon upgrades, provide a comprehensive cost-benefit analysis, and produce a low carbon phased implementation plan.
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With NYSERDA’s assistance, healthcare facilities can improve energy management systems, reducing overall energy cost. NYSERDA is offering 12-month energy support services for healthcare facilities interested in advancing a comprehensive energy management model. Program support includes thoroughly evaluating existing facility performance, identifying low and no-cost opportunities for energy savings, delivering impact reports, developing continuous energy management processes, and pursuing financial and technical support for larger energy projects.
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The Green Construction Loan offers a minimum of $300,000 in loans for building owners looking to finance up to 90% of their eligible energy efficiency and clean energy technology projects (up to 100% for affordable multifamily properties). This loan offers construction financing and multiple draws.
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The Energy Services Agreement (ESA) Loan offers a minimum of $400,000 in loans for single purpose entities (SPE) owned by developers looking to finance up to 80% of their eligible energy efficiency and clean energy technology projects. This loan offers construction financing, permanent financing, multiple draws, and incentive bridging.
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To achieve New York State’s goals for a low carbon future, NYSERDA and the New York electric utilities have partnered to offer a range of initiatives to make heat pumps more affordable and accessible. Through the program, Con Edison offers customers incentives to reduce the upfront costs of Air-Source Heat Pumps (ASHPs) and Ground-Source Heat Pumps(GSHPs) for both space heating and cooling, as well as Heat Pump Water Heaters for water heating.
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NY-Sun is a public-private partnership. NY-Sun proposes to grow the solar industry and make solar technology more affordable for all New Yorkers. Community solar offers local and clean energy that can often offset a greater portion of the business’s electric bill with predictable rates and terms without the business having to install solar. Community solar is a collective array of panels installed in an offsite location, which produces energy. Almost anyone in the area can access it and receive credits toward their electric bills.
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In July 2012 New York enacted legislation allowing municipal corporations to exempt green buildings from state real property taxes for up to ten years. The amount of the exemption permitted varies by year and by the certification level achieved.
Additionally, local governments may elect to extend favorable property tax treatment to green buildings under the law, but are not required to do so.
Projects must achieve certification of results in order to be eligible for an exemption, and the exemption must be approved by the local assessor prior to taking effect.
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The Production Tax Credit (PTC) is an inflation adjusted per-kilowatt-hour (kWh) tax credit for electricity generated by qualified energy resources and sold by the tax payer to an unrelated person during the taxable year. The duration of the credit is 10 years after the date the facility is placed in service.
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To achieve New York State’s goals for a low carbon future, NYSERDA and the New York electric utilities have partnered to offer a range of initiatives to make heat pumps more affordable and accessible. Through the program, Con-Edison offers customers incentives to reduce the upfront costs of Air-Source Heat Pumps and Ground-Source Heat Pumps for both space heating and cooling as well as for Heat Pump Water Heaters for water heating.
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NYSERDA’s Small Business Financing program offers small businesses, including multifamily building owners and not-for-profit organizations, two loan options for financing energy efficiency and renewable energy projects: Participation Loan Financing and On-Bill Recovery Financing.
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The Clean Heating and Cooling program provides information and technical support for multi-unit and commercial property owners who are interested in adopting geothermal and air source heat pumps.
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The U.S. DOE New York-New Jersey Combined Heat and Power (CHP) Technical Assistance Partnership (TAP) is one of ten regional CHP-TAPs formed by the U.S. Department of Energy to provide technical assistance for adoption of CHP. The Elisabeth Haub School of Law at Pace University’s Pace Energy and Climate Center operates the New York-New Jersey CHP-TAP.
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The NY Solar Map and Portal is a statewide solar map that provides users throughout the state with detailed information regarding the solar potential of their buildings, economic calculations of the cost of the solar system, as well as information on permitting and financing.
Sustainable CUNY hosts the map and controls its development. CUNY’s Center for Advanced Research of Spatial Information (CARSI) at Hunter College designed, developed and implemented the software.
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Sustainable Westchester’s Community Solar program provides technical assistance to the owners or managers of commercial properties that may be eligible to host a community solar PV system. Without upfront costs, development of a commercial solar PV system creates subscription opportunities for local community members and an anchor subscription opportunity for the host business with a 10% savings. On-site solar generation returns energy to the grid and provides the host-business with lease revenue.
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The EPA's Green Power Partnership (GPP) is a free and voluntary partnership-program for businesses and organizations that source at least part of their electricity from green, alternative sources, and are working to increase the quantity of green electricity sources each year. The program provides a framework that includes credible usage benchmarks, market information, technical assistance, and public recognition to companies and other organizations that use green power. In return for technical assistance and recognition, Partners commit to use green power for all, or a portion, of their annual electricity consumption.
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FlexTech funds energy studies for commercial, industrial and multifamily facilities to evaluate the efficacy of adopting clean energy and sustainability measures.
The goal of the FlexTech program is to improve energy investment decisions for facility owners by sharing the cost of producing an objective, site-specific, and targeted study on how best to implement clean energy and/or energy efficiency technologies, reduce operation and maintenance costs, extend equipment life, and increase occupant comfort.
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The ITC is a tax credit that can be claimed on federal corporate income taxes equal to a certain percent of the cost of eligible renewable energy property. The tax credit rate depends on the type of property or technology for which the credit is being claimed, as well as the applicable construction and in-service date of the technology.
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The program provides guaranteed loan financing and grant funding to agricultural producers and rural small businesses to install renewable energy systems or to make energy efficiency improvements.
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Real Time Energy Management (RTEM) is a term used by the New York State Energy and Research Development Authority (NYSERDA) to describe a combination of systems and services employed to monitor and identify building improvement opportunities. The system consists of hardware, software, and secure internet connectivity that continuously transmits a building’s current and historical performance data to the cloud, provides automated fault detection and diagnostics (FDD), and supports demand response.
RTEM continuously analyzes real-time granular data from the cloud and transforms it into actionable information for property owners, building managers and tenants, and can pinpoint a building’s operational inefficiencies, identify energy conservation measures, and help justify capital improvements.
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