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 7910.6 - Program application for interest subsidy
Universal Citation: 9 NY Comp Codes Rules and Regs ยง 7910.6
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Processing. Program applications for interest subsidies will be processed upon their receipt by the Energy Office on a first-come, first-served basis.
(b) Application contents. Each program application for an interest subsidy submitted to the Energy Office shall contain the following materials:
(1) A
completed application form.
(2) An
energy audit or, a technical feasibility study, as appropriate, complying with
the requirements of section
7910.7
of this Part.
(3) Two construction
bids, or in the case of in-house projects, schedules consistent with paragraph
(4) of this subdivision, containing cost estimates for the energy conservation
improvement project to be implemented. Cost estimates and schedules must
reflect the total installed cost of the project, including materials, labor,
and construction management design fees. However, construction management fees
greater than 15 percent of the cost of the materials and labor of the energy
conservation improvement project are not eligible for an interest subsidy. The
Energy Office may, in its discretion, waive the two-bid requirement where the
applicant demonstrates good cause for the waiver.
(4) In the case of in-house projects,
schedules of wages and projected hours to be worked on the proposed energy
conservation improvement project, and two suppliers' estimates of the cost of
the materials to be used for the project. Documentation of actual in-house
labor costs incurred for approved projects shall be maintained by the applicant
and may be reviewed by the Energy Office.
(5) Simple payback calculations for each
recommended energy conservation improvement. Simple payback is to be calculated
by dividing the total installed cost of the improvement presented in the
selected contractor's bid, or in the applicant's schedules and selected
estimate in the case of an in-house project, by the projected annual energy
cost savings. Ongoing operation and maintenance costs, finance charges, and the
cost of preparing and updating energy audits or technical feasibility studies
shall not be included in the total installed cost.
(6) Energy savings calculations and
calculation sheets.
(i) All recommended
energy conservation improvements must be accompanied by a full explanation of
the methodology used in calculating energy savings. The Energy Office may
provide standard calculation sheets, which must be used whenever
provided.
(ii) If standard
calculation sheets have not been provided by the Energy Office, the methodology
used to calculate energy savings will be reviewed for adequacy and
reasonableness by the Energy Office.
(iii) The projected annual energy cost
savings may include electric demand savings.
(iv) For submetering improvements, energy
savings of no greater than 15 percent shall be used.
(7) A copy of the commitment issued by a
financing institution to make a program loan, which shall include the terms of
such loan, and which shall be submitted either with the application or
following a review of the rest of the application and a determination of
project eligibility by the Energy Office.
(8) Authorization from the building owner to
undertake the energy conservation improvements where the program application is
being submitted by someone other than the building owner.
(9) A breakdown of construction management
and design fees to be paid for out of the loan proceeds, if
applicable.
(10) For projects
involving submetering, proof of any required New York State Public Service
Commission approval.
(11) Such
additional information as may be required by the Energy Office.
(c) Notice of award. The Energy Office will provide written notification to the applicant and the financing institution making the program loan of the Energy Office's approval of the application and of the amount of the approved interest subsidy. Such notice may require that a program loan be made to the approved applicant within a time period to be specified by the Energy Office.
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