New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle BB - State Energy Office
Chapter V - Conservation Programs
Part 7910 - Energy Investment Loan Program
Section 7910.5 - Eligible energy conservation improvements
Universal Citation: 9 NY Comp Codes Rules and Regs ยง 7910.5
Current through Register Vol. 46, No. 39, September 25, 2024
(a) General. An energy conservation improvement project must:
(1) have a simple
payback of not less than 1 year nor more than 10 years, except that a project
involving a multifamily housing building may have a simple payback which does
not exceed 15 years;
(2) be clearly
identified and recommended in an energy audit or technical feasibility study
which meets the requirements of section
7910.7
of this Part;
(3) result in reduced
energy consumption; and
(4) involve
a building located within the State which was completed and in use before an
application for a program loan is submitted to the Energy Office.
(b) Special provisions. In addition to meeting the requirements of subdivision (a) of this section, the following special provisions shall apply:
(1)
Onsite power production projects. Onsite power production projects are eligible
energy conservation improvements, provided that the simple payback calculations
shall not take into account any revenues to be received from the sale of energy
offsite.
(2) Fuel conversion
projects.
(i) Fuel conversion projects, other
than conversions from renewable energy resources to fossil fuels, are eligible
energy conservation improvements.
(ii) Simple payback calculations for eligible
fuel conversion projects shall be based on the cost of the current
fuel.
(3) Submetering
projects. Submetering projects are eligible energy conservation
improvements.
(c) Ineligible energy conservation improvements. The following energy conservation improvements are not eligible for interest subsidies:
(1) the purchase and installation of
residential appliances for use in multifamily housing buildings;
(2) any energy conservation improvement for
which the simple payback exceeds the estimated life of the improvement;
and
(3) any energy conservation
improvements commenced prior to the date of submission of the program
application to the Energy Office.
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