WHAT IS NYCEEC?
The New York City Energy Efficiency Corporation (NYCEEC) is a non-profit financial services firm that provides innovative financing solutions and technical expertise to meet building owners’ needs. NYCEEC-financed projects can result in substantial savings on monthly energy and water bills for owners and tenants.
WHAT ARE THE BENEFITS OF NYCEEC’S LOANS?
Borrowers will benefit from NYCEEC’s flexible financing and technical expertise:
FLEXIBLE FINANCING: NYCEEC works with borrowers to structure flexible loans that incorporate energy savings. In many cases, loan payments are less than the resulting utility cost savings. NYCEEC will also help borrowers leverage incentives available from utilities and NYSERDA. This enables buildings to be cash flow positive from day one, transforming them into high-performing investments at no to low upfront cost.
TECHNICAL EXPERTISE: NYCEEC’s engineering team provides technical guidance and quality assurance to help building owners maximize cost and energy savings.
WHAT FINANCING DOES NYCEEC OFFER?
NYCEEC offers direct loans to building owners and their representatives for both construction and permanent financing of clean energy projects.
Contact us if you are interested in other NYCEEC financial products, such as green mortgages, energy services agreements or power purchase agreements.
WILL NYCEEC FINANCE 100% OF THE PROJECT COST?
NYCEEC will fund up to 100% of the project costs including equipment costs, construction costs and eligible soft costs such as energy surveys and building operations training.
WHAT BUILDING TYPES DOES NYCEEC FINANCE?
NYCEEC will finance buildings located within the five boroughs of New York City. Eligible building sectors include: commercial, multifamily (5 units and above), retail, healthcare, institutional, hospitality and schools.