NYSERDA offers bonus incentives for Targeted Zones
Deadlines approaching for areas in The Bronx and Manhattan
Time is of the essence and in the case of building owners and facility managers in and around New York City, time could be running out on a bonus incentive to install an energy-saving Combined Heat and Power system.
In New York, the New York State Energy Research and Development Authority (NYSERDA) handles renewable energy incentives to encourage the installation of clean, efficient, CHP systems. The authority’s primary mission is to help New York meet its energy goals: reducing energy consumption, promoting the use of renewable energy sources, and protecting the environment.
Much of this work is accomplished through the distribution of incentives for alternative, clean energy solutions. These incentives are funded through the CHP Acceleration Program.
Aegis Energy, EDF Group is a pre-qualified NYSERDA vendor and participant in the CHP Acceleration program. For a 75kW system that can provide standby power like the Aegis PowerVerter, incentives can start at $135,000. In fact, the PowerVerter technology that allows for black-start capability is actually a requirement in New York for incentive eligibility.
Along with the generous incentives distributed through the program, the organization has upped the ante with a 10 percent bonus incentive for specific areas of the city.
In cooperation with Consolidated Edison (ConEd), select areas of the city within the ConEd service territory were identified as Targeted Zones.
These zones were determined to be prime areas where Combined Heat and Power could potentially help defer the need for grid expansion or reinforcement.
To provide economic signals to the marketplace that will drive CHP developers to focus their pursuit of projects on these zones, NYSERDA has provided a Targeted Zone Incentive Bonus of 10 percent for sites within these zones.
The areas include zones in Staten Island, The Bronx, Brooklyn, Manhattan, and Queens. The map depicting the Targeted Zones is available through this link.
The caveat to the bonus incentive is that the CHP system would have to be fully operational prior to May of the target year. For building owners and facility managers in The Bronx and Manhattan, that means there is no time like the present.
Two of the Targeted Zones, between West 31st and West 42nd Street in Manhattan and east of the Bronx River in The Bronx will see the bonus expire in 2015.
“There is a six to eight month window from the start of the process to completion of a CHP site,” said Dale Desmarais, Director of Sales and Marketing for Aegis Energy, EDF Group. “That means we would need to start now and fast track to meet the 2015 bonus.”
There are four areas that have 2016 expiration dates, five in 2017, and other areas (like all of Brooklyn) that expire in 2018.
For those interested in getting involved in the NYSERDA incentive program, applicants submit their application along with an engineering analysis, utility bills, and in some cases, electrical and mechanical drawings. Filings are also required with the electrical utility and clearance is needed from the gas utility proving there is sufficient gas at the site for the CHP system to operate.
While it may seem like a daunting task to undertake with a fast-approaching deadline, Aegis Energy, EDF Group provides clients with a dedicated Energy Analyst to help research available incentive opportunities and take care of the incentive application process.
For more information, reach out to an Aegis representative at (413) 536-1156.