NYSERDA Expands Programs for Small Businesses and Not-For-Profitsby mmcnamara
Thu, Jul 28th 2011 09:45 am
New York [ View Original Article ]From NYSERDA:
In accordance with the NYS legislature's passage of the Green Jobs Green NY (GJGNY) Act, the New York State Energy Research and Development Authority (NYSERDA) has expanded programs to help small businesses and not-for-profits across the state save energy and reduce energy expenses, while creating green jobs in New York.
NYSERDA is making available $5.6 million in GJGNY funding to provide small businesses and not-for-profit organizations with access to customized and objective energy audits to help them make informed energy decisions and improvements to their buildings.
NYSERDA is also making available more than $13 million in funding to provide small businesses and not-for-profits with access to low-interest loans to finance the cost of making qualified energy efficiency improvements. The GJGNY Small Business and Not-for-Profit Energy Efficiency Financing Program will make it easier for small businesses and not-for-profits to make energy efficiency improvements by eliminating their need to provide the upfront capital to implement qualified energy efficiency services.
"NYSERDA is excited to work with our private partners to deliver Green Jobs-Green New York benefits to businesses throughout New York State," said Francis J. Murray Jr., President and CEO of NYSERDA. "Under Governor Cuomo's leadership NYSERDA will continue to help reduce the cost of doing business in New York by making our commercial energy consumers more energy-efficient and environment-friendly."
NYSERDA's FlexTech program will provide free energy audits for small businesses and not-for-profit organizations with an electric demand of 100 KW or less. C.J. Brown Energy Engineering & Architecture, P.C. (Buffalo), L&S Energy Services, Inc. (Albany), The Daylight Savings Company (Goshen) and EME Consulting and Engineering Group, LLC (NYC) will deliver regionally-based free audit services to eligible customers throughout New York, including businesses on Long Island and in Municipal Lighting Districts upstate.
The GJGNY Small Business/ Not-for-Profit Energy Efficiency Financing Program will work with lenders statewide to provide small businesses and not-for-profits with access to low-interest energy efficiency financing. Under the program, NYSERDA and a lender will share the cost of the principal, with NYSERDA providing 50 percent, up to $26,000, at 0 percent interest. The lender will provide the remaining principal at market rate. To be eligible for financing, a small business or not-for-profit in New York State must have a qualified energy audit, from either NYSERDA or its utility service provider; must own, lease or manage the facility; and must meet other eligibility requirements.
For more information visit: http://www.nyserda.org/gjgny-small-business-nonprofit/default.asp.