NYSERDA’s Residential and Retail Energy Storage Incentives are structured as fixed-rate incentives based on the storage systems capacity, measured in kilowatt hours (kWh). The Retail Energy Storage Incentives are available for new commercial scale distributed (retail) energy storage projects up to 5 megawatts (MW) that
Scale for ClimateTech, supported by NYSERDA, aims to help cleantech startups overcome manufacturing obstacles keeping their products from fulfilling untapped market demands. To do so, the Scale for ClimateTech program will help New York entrepreneurs partner with manufacturers and scale up locally made products that
The FlexTech program shares the cost to produce an objective, site-specific, and targeted study on how best to implement clean energy and/or energy efficiency technologies. Commercial, industrial, and multifamily facilities that pay into the electric Systems Benefits Charge are eligible. In addition, colleges and universities
The New York State Clean Heat program seeks to increase consumer demand for ground source heat pumps and cold climate air heat pumps by offering rebates and tax incentives. For eligible heat pump contractors, this program provides financial incentives based on certain levels of BTU/hour.
The Commercial & Industrial Carbon Challenge gives non-residential energy users resources to access cost-effective decarbonization opportunities. Winners work one-on-one with NYSERDA to pursue projects. Awards can be used to fund a single large project or a portfolio of projects. All proposals must include beneficial electrification,
The New York Green Bank (NYGB) offers investment opportunities in four areas: Clean Energy Financing Arrangements, Financing Arrangements for High-Performance Affordable Housing, NY Green Bank Eligible Purchaser Pool, and the community Decarbonization Fund – Financing for Disadvantaged Community Lenders. A state-sponsored, specialized financial entity, it
PACE financing programs use authority given to a municipality to offer financing for property owners to fund energy efficiency and renewable energy projects on existing commercial structures. The property owner voluntary agrees to repay the financing through a special assessment. PACE provides financing for these
New York offers a 100% tax exemption from state sales and use tax for commercial solar energy systems equipment and the service of installing such systems. Municipalities are also able to make this same exemption applicable to local sales and use tax. Municipalities with a
Municipalities are allowed to exempt green buildings from property taxes. Properties must have commenced construction after January 1, 2013, have a value more than $10,000, and must meet certification standards for LEED, Green Globes, or an equivalent green building certification program. The exemption amount is
New York offers a property tax exemption for energy conservation improvements including solar thermal, biomethane, and thermal storage systems. Tax exemptions last for a period of 15 years. To qualify, systems must be constructed before January 1, 2030. Any qualifying system owned or controlled by
