NOTE: Beginning September 21, 2015, NYSERDA is modifying the incentives available through the Existing Facilities Program for the rest of the program year 2015. The changes include i) eliminating the prescriptive incentives and ii) transition of performance based incentive from fixed incentive per kWh saved by geographic region by tiered incentive based on level of kWh saved. For more information, please see the notification filed by NYSERDA to the Department of Public Service.
The NYSERDA Existing Facilities program merges the former Peak Load Reduction and Enhanced Commercial and Industrial Performance programs. The new program offers a broad array of different incentives to electricity and natural gas customers within the state that pay the System Benefits Charge (SBC). Energy service companies (ESCOs) that implement efficiency measures for eligible customers are likewise eligible. Both pre-qualified equipment rebates and performance based rebates are offered under this program. This summary is provided for performance-based incentive for the program, please visit Existing Building rebate program site for summary on rebate component of the program.
Projects with a simple payback greater than 18 years, or less than 1 year (or 6 months for manufacturing and data center projects) are not eligible for incentives.
Performance-based Incentives
This category of incentives is generally oriented towards large improvement projects. Performance incentives are available for electric efficiency, natural gas efficiency, energy storage, demand response, monitoring-based commissioning, and industrial and process efficiency (Industrial and Process Efficiency Program details).
Performance based incentives are awarded as one-time payment based on expected first year savings offered by the particular improvement. Beginning September 2015, the incentives are offered as in a tiered approach modifying the previous incentive calculation based on different incentives based on geographic region. Under the new approach, the incentives are calculated by determining total percentage of energy savings and multiplying that by the incentive rate for that tier. Summary of incentives is provided in the table below:
| Tier | Description | Incentive Rate |
|---|---|---|
| 1 | Electric efficiency improvements cause annual kwh reduction less than or equal to 30% of current annual usage |
$0.10/kWh |
| 2 | Electric efficiency improvements cause annual kwh reduction greater than 30% but less than or equal to 50% of current annual usage |
$0.12/kWh |
| 3 | Electric efficiency improvement cause annual kwh reductions greater than 50% of the current annual usage. |
$0.15/kWh |
| Natural Gas Incentive |
National Fuel Gas customer only |
$15/MMBtu saved annually |
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | New York |
| Incentive Type: | Performance-Based Incentive |
| Web Site: | http://www.nyserda.ny.gov/All-Programs/Programs/Existing-Facilities-Program |
| Administrator: | New York State Energy Research and Development Authority |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Incentive Amount: |
Minimum award size $30,000 Varies based on location and incentive category |
| Maximum Incentive: |
Up to 50% of the project cost or, $500,000 (electric), $60,000 (gas) per account |
| Equipment Requirements: | Varies by measure |
| Ownership of Renewable Energy Credits: | NYSERDA |
| Technologies: | |
| Sectors: | Commercial, Industrial, Installers/Contractors |
| Parameters: | The incentive has a maximum of 30000.00 $/Unit, The incentive has a minimum of $1000000.00 |
| Name: | Eric Mazzone |
| Organization: | New York State Energy Research and Developmen |
| Address: |
17 Columbia Circle Albany NY 12203-6399 |
| Phone: | (866) 697-3732 |
| Email: | efm@nyserda.ny.gov |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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