Energize NY helps property owners identify incentive programs, find reliable and certified contractors and engineering firms, access low-cost long-term financing and develop a plan for measurement and verification of energy savings after the upgrades are complete.
You will see an increase to the value of your buildings, while seeing decreased utility bills. This translates to money staying in the your pocket, rather than being spent on unnecessary foreign oil or other utility costs. If your building has tenants, they will notice an increased level of comfort from efficient heating and cooling systems, which means less maintenance calls to you. Typical energy improvements and renewable upgrades include:
Energize NY Finance is an innovative product to finance energy efficiency and renewable energy upgrades in commercial properties in participating municipalities. Energize NY Finance leverages the Property Assessed Clean Energy (PACE) structure to provide access to capital, extended loan terms, transferability to new owners, and other benefits.
Energize NY Finance energy efficiency projects achieve an immediate positive cash flow. We can work with you and your service provider to help you achieve this goal. We can finance 100% of the project cost, so you can make capital improvements without any capital expense. Financing is based on the property’s potential to save energy and carry the tax charge, not on the property owner’s credit, so you can save your capital expenditure budgets for other projects.
Learn more about Energize NY Finance here.
Your first step is to fill out a Pre-Application online by clicking on the button below. Once we have pre-qualified the building for financing, it’s time to get started with an energy study of the building. NYSERDA can help you find list of contractors who can guide you, plus who can help you calculate your best options for incorporating Energize NY financing.
If your property is located within a municipality that is not currently a member, please contact your local elected official and encourage joining the EIC. Click here for a letter of encouragement you can send to your municipal officials.
If this application is for an affordable housing or nonprofit building, and your building is in Westchester County, you may be eligible for an additional subsidy. See The Westchester Project. Please express interest in this program in the 'Related Notes and Details' section of the pre-application.