The Energize NY program is managed and operated by local development corporation and New York State non-profit Energy Improvement Corporation (EIC). They assist property owners in New York state achieve the long-term energy savings they need.
The EIC also finances clean energy improvement for property owners by incorporating the Property Assessed Clean Energy (PACE) model for the best results. Property owners are allowed to pay up to 100% of the cost of their energy efficient upgrades and renewable energy installations through their property tax bill. The EIC offer up to 20 years of financing and ensures that the annual energy savings are more than the costs of said financing.
This arrangement ensures that customers are able to immediately profit from their client energy improvements. Since there are no payments made, except through their tax bills, the cost of Energize NY is transferred to the next owner if the property is sold. From range upgrades and lighting improvements to HVAC systems, building insulation, rooftop solar installations, and even façade improvements Energize NY Finance can help you.