Energize NY Financing is made available to energy efficiency and renewable energy projects that install permanent improvements to reduce energy costs, in existing buildings.
All commercially owned buildings in NY State installing permanent energy improvements are eligible for Energize NY financing. At this time new construction is not eligible. See Eligible Buildings.
Energize NY Finance targets comprehensive upgrade projects. Energize NY Financing is made available to energy efficiency and renewable energy projects that install permanent improvements to reduce energy costs, in existing buildings that participate in a NYSERDA or utility upgrade program. The recommendation must result in an energy savings-to-investment ratio greater than 1 over the lifetime of the recommended measure. Typical eligible measures include:
The commercial property must be located within a New York State municipality that is a member of the Energy Improvement Corporation. Click here to see a list of current Participating municipalities. 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.
Properties that are commercially owned are eligible to participate in the Energize NY PACE Finance Program. This classification includes buildings such as those owned by either a For-Profit or a Not-For-Profit Corporation, a Limited Liability Company (LLC), a Partnership, or a Trust.
Estimated annual energy savings/energy generation > than annual finance payments
Improvements have SIR (savings-to-investment ratio) > 1