Financing & Incentives

New York City's energy efficiency and green building policies are transformational, but they will not reach their potential if New York City's building industry does not have access to financing and incentive. Fortunately, numerous resources are available at the local, state, and national level.

Local Resources

NYC’s Retrofit Accelerator program provides independent, customized technical assistance and advisory services at no cost to building owners to help accelerate the retrofit process for buildings that are larger than 50,000 sq. ft. The program is a one-stop resource provided by the City for owners and operators of privately-owned buildings to help lower their energy and water costs and increase the value of their properties through energy and water upgrades.

New York City also provides tax abatements for green roofs and solar panels. Additional financing is available through the New York City Energy Efficiency Corporation (NYCEEC) , The Department of Housing Preservation and Development’s Green Housing Preservation Program.

Local utilities provide incentives for various energy efficient equipment and upgrades in the form of rebates. Learn more if you're a customer of Consolidated Edison or National Grid.

State Incentives

The New York State Energy Research and Development Authority (NYSERDA) administer a number of programs targeting a wide range of building sectors. For more information, visit NYSERDA’s Programs and Services. In addition, the New York State Department of Homes and Community Renewal (HCR) administers New York’s Weatherization Assistance Program (WAP) for low-income families to improve home energy performance.

Federal Funding

The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy provides a range of resources and federal tax credits for energy efficient homes. For more information, visit the U.S. Department of Energy's Energy Saver website.