NYSEG offers incentives in the form of rate discounts and funding assistance to help make upstate New York an attractive place to do business. They intend to play a viable role in encouraging business to remain in New York State and to attract new companies to our region.
Under special tariffs, NYSEG can provide negotiated prices to new customers or for qualified expansions by existing customers. Eligibility is contingent upon your having a competitive alternative to NYSEG and minimal connected load.
Up to $500,000, on a per-project basis, to encourage the redevelopment of a brownfield site or vacant building. Funds are to be used for electric-related infrastructure improvements and may not be used for the remediation of the site.
Utility Infrastructure Investment
Up to $400,000, on a per-project basis, for new electric-related facilities for existing or prospective customers with load of 100 kilowatts or more – if a minimum of $1 million has been invested in a new or expanding facility.
Capital Investment Incentive
Up to $300,000 per project for capital investments of $1 million or more; to fund
electric-related improvements on either NYSEG-owned or customer-owned equipment. Minimum monthly incremental demand after improvements must be at least
Agriculture Capital Investment Incentive
Up to $100,000 per project for smaller farms toward electric-related infrastructure improvements on either NYSEG-owned or customer-owned (as directed by NYSEG) equipment. Each project must involve capital investment of at least $50,000 and have a monthly incremental electric demand after capital investment of at least 25 kilowatts.
Business Energy Efficiency Assistance
NYSEG partners with the New York State Energy Research and Development Authority (NYSERDA) on several programs to encourage energy efficiency. Under these NYSERDA programs, the applicant will be required to make a financial contribution of at least 33.3% to the total investment made.
Through NYSERDA’s Energy Audit Program, NYSEG will provide up to 50% matching funds, ($10,000 maximum) toward the total investment made as a result of an energy audit. Through either NYSERDA’s Flexible Technical Assistance Program (Flex Tech) or New Construction Program, NYSEG will pay up to 33.3% of the cost of a feasibility study or analysis, not to exceed $20,000 per study/analysis. If the applicant decides to make investments as a result of a study or analysis, NYSEG will provide up to $50,000 toward the total investment made.
Economic Development Outreach
NYSEG may supplement other economic development funding, on a per-initiative basis, for strategic outreach projects that will primarily focus on attracting new business investment into the NYSEG service area.
Gas Infrastructure Investment
NYSEG will invest in new gas delivery related facilities to manufacturing or certain
non-retail commercial customers making a minimum capital investment of at least $250,000 and increasing gas usage by at least 50 therms per hour.
NYSEG, in consultation with the customer and/or their representatives, will pay up to
50% of equipment costs required for power reliability or quality improvements to be
installed behind the meter with a maximum contribution of $50,000.
For more information on NYSEG Assistance Programs please call us at 1.800.456.5153 or visit: lookupstateny.com