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April 2014
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FACTS

Energy Committee Advises: Don't Leave Money on the Table!

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Con Edison’s Demand Management Program is making increased incentives available for improvements  that will reduce demand during summer, on-peak hours.

Below is a snapshot of what’s available, and if you like what you see, more information is available through the Con Edison Green Team at 1-877-870- 6118 or by visiting coned.com/energyefficiency.com.


Projects and their increased incentives are:

-Thermal Storage: $600 per kW to $2,600 per kW

-Battery Storage: $600 per kW to $2,100 per kW

-DR Enablement: $200 per kW to $800 per kW

-Controls/HVAC/Process Efficiency: $0.16 per kWh to $0.16 kWh $1,250 per kW

-Lighting: $0.16 per kWh to $0.16 per kWh $800 per kW

For projects involving Fuel Switching for non-electric AC, where steam incentives are currently available in select locations, the new offering includes $500 to $1,000 per kW depending on the equipment. Con Edison has also noted that incentives will be offered for installing steam or natural gas AC instead of electrical AC.

NYSERDA incentives for CHP projects remain unchanged and reach a maximum of $1.5 million. Please consult the NYSERDA PON 2568 Catalog for details and note that each pre-approved system, ranging from 50kW to 1.3 MW, is assigned a specific incentive, which can be found in that catalog.

Large Scale Projects

Bonus incentives for projects of 500 kW are available from a maximum bonus pool of $10 million using a first-installed, first-paid basis. CHP measures do not qualify. Projects from 500kW to 1 MW can qualify for an additional 10 percent of kW incentive and those over 1 MW qualify for 15 percent of the kW incentive.  

Governing Rules

• Incentives are available on a first-come, first-served basis until funds are exhausted. 

• Projects must be installed and operational by June 1, 2016; for CHP projects, the compliance date is May 1, 2016

• Non CHP Projects:

-must have a combined peak demand reduction of 50kW or greater

-incentives are capped at 50 percent of the project cost, plus large project bonus
 
-incentives described above are under review and subject to approval by the New York State  Department of Public Service
 

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