The New York Business Development Corporation (NYBDC) Loans for Working Capital provides working capital for long-term needs, repayable over three to seven years. The program works with partner banks and other subordinate lenders to structure a loan ranging from $50,000 to $1,500,000.
New York's system benefits charge (SBC), established in 1996 by the New York Public Service Commission (PSC), supports energy efficiency, education and outreach, research and development, and low-income energy assistance. To support the SBC program, the state's six investor-owned electric utilities collect funds from customers through a surcharge on customers' bills. The SBC program is administered by NYSERDA and funds numerous programs to improve the state's transmission and distribution infrastructure.
In 2006, the Suffolk County Legislature enacted Resolution No. 126-2006, creating the Leadership in Energy and Environment Design (LEED) Program for county construction projects. The program requirements were revised in 2008 (Resolution No. 551-2008), and again in 2011 (Resolution No. 458-2011).
Business that do not meet the requirements for standard financing, but are in need of capital, may qualify for NYBDC’s Statewide Empire Zone Program. The Statewide Zone Capital Corporation (SZCC), a privately-owned loan fund, provides financing to businesses located within participating Empire Zones; the loans range from $30,000 to $300,000 and feature below-market interest rates, minimum down payment requirements, and flexible repayment terms. Funds may be used for working capital, real estate, equipment, debt refinancing, and more. NYBDC manages the SZCC.
The New York State Energy Research and Development Authority (NYSERDA) offers incentives for the installation of solar water heating systems to residential and non-residential customers of the state's major investor-owned utilities. The program is part of the Customer-Sited Tier (CST) of the state renewable portfolio standard (RPS) affecting electric utilities, thus systems must generally supplement an electric water heater in order to qualify for the program. Both existing buildings and new construction are eligible for incentives.
New York enacted legislation in July 2005 exempting the sale and installation of residential solar-energy systems from the state's sales and compensating use taxes. The exemption was extended to non-residential solar systems in August 2012 (S.B. 3203), effective beginning January 1, 2013. For both residential and non-residential systems, the exemption applies to solar-energy systems that utilize solar radiation to produce energy designed to provide heating, cooling, hot water and/or electricity. It does not include equipment that is part of a "non-solar energy system".
New York's real property laws allow for the creation of solar easements. Like those in many other states, these are voluntary contracts which must be entered into in order to ensure uninterrupted solar access for solar energy devices. Solar easement agreements are required at a minimum to contain information describing the easement location and orientation to real property subject to the easement, provisions for termination, and provisions for compensation in the event that interference occurs.
The Sales Tax Exemption applies to the purchase of machinery and equipment, parts, tools, and supplies used or consumed in the production of tangible personal property for sale or in the production of gas, electricity, refrigeration, or steam, for sale; also, purchases of gas or electricity or gas or electric service used to provide gas or electric service
consisting of operating a gas pipeline, an electric transmission line, or a gas or electric distribution line.
These regulations aim to prevent the release of hazardous substances into surface water and groundwater resources. They contain guidance for facilities which store and process hazardous substances, including specific rules for the bulk storage and handling of such substances. The regulations also contain information on relevant licenses and permits.
These rules apply to all applications for a license or a permit to take, divert, appropriate or otherwise use the waters of the State, except applications for hydro-electric power projects. Applications are reviewed by the Department of Environmental Conservation and by the Superintendent of Public Works.