System Benefits Charge (SBC)
Varies by income eligibility and efficiency level
Note: The eligible technologies listed above are only examples of some improvements/installations that may supported under the program. For any given project, the supported measures will vary based on an evaluation of the most appropriate improvements for improving energy efficiency. The new construction portion of the program offers both a Prescriptive Path and a more flexible Performance Path.
Under NYSERDA's Energy $mart Multifamily Performance Program, new construction of multifamily buildings and existing multifamily buildings are eligible for incentives that improve energy savings through energy efficiency or innovative energy solutions, such as renewable energy. Through this program, interested building owners work with a Multifamily Performance Partner. The program website contains a guide to assist building owners/managers in selecting a Performance Partner. Additional incentives are available for projects that serve or are expected to serve low-income tenants.
Working with the Performance Partner and NYSERDA, an existing building is compared against similar buildings and the owner and partner develop plans for how efficient the project will be in comparison. Implementing the project and reaching this goal will allow the building owner to receive a variety of incentives based on building performance. Owners of proposed new buildings work with partners to design buildings with Energy Star guidelines in mind. Incentives for both types of project are awarded as a series of payments upon completion of certain project milestones. To be eligible for affordable housing incentives, the building owner must demonstrate that the property is publicly-subsidized or that at least 25% of residents receive public assistance or earn below 80% of the State Median Income. NYSERDA accepts the use of several different types of proxy measures in determining whether the income eligibility requirement is met.
Eligible buildings must have five or more units, at least four stories, and have a central heating or cooling system serving five or more units or common area access to at least five or more units. Buildings must also contain residential space comprising at least 50% of the gross heated square footage of the entire project. Non-residential commercial related space of up to 50% is permitted.
Buildings generally must use electricity from one of the following providers: Central Hudson Gas and Electric Corp., Consolidated Edison Company of New York, Inc., New York State Electric and Gas Corporation, National Grid, Orange and Rockland Utilities, Inc. and Rochester Gas and Electric Corporation. Some of these utilities also offer multifamily residential incentives. Utility program participants are not permitted to participate in the Energy $mart Multifamily Performance Program.