Gas Efficiency Performance Based Incentive
The New York State Energy Research and Development Authority (NYSERDA) offers performance-based gas incentives to National Fuel Gas and Con Edison customers (or their energy service company) who install natural gas efficiency projects that deliver verifiable annual energy savings. Incentives are performance-based; the more energy a project saves, the higher the potential incentive. Multifamily buildings are ineligible for Con Edison gas incentives under this program and are encouraged to seek opportunities under NYSERDA’s Residential Energy Affordability Program (REAP).
Expiration Dates
Funding for Con Edison gas customers expires October 8, 2008.
Incentive
| |
National Fuel Gas |
Con Edison Gas |
| Natural Gas |
$40/Mcf |
$2/Therm |
Con Edison gas projects are capped at $500,000 or 75% of project cost, whichever is less. National Fuel gas projects are capped at $25,000 or 50% of incremental project cost, whichever is less.
Eligibility
Qualifying energyefficient equipment includes furnaces, boilers, water heaters and process heating equipment. In addition, improvements directly related to gas equipment energy savings, including but not limited to, measures such as steam/hot water distribution piping insulation, boiler control systems, flue gas economizers, and heat recovery, are eligible for consideration. Conversion from gas to oil or electric equipment is ineligible for funding.
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