Friends of NYCEEC,

NYCEEC completed its 2026 fiscal year on June 30. When NYCEEC commenced operations as a component unit of The City of New York in October 2010, it focused on financing energy efficiency improvements in existing buildings. Today, NYCEEC is an independent nonprofit lender, still supporting energy efficiency retrofits, but also financing the development of new energy-efficient buildings, distributed renewable energy generation, EV charging infrastructure, battery storage, and related technologies. In addition to deploying our own capital, NYCEEC administers programs where other capital providers can fund similar projects, expanding the impact of our work. While New York City remains our primary focus, NYCEEC has made loans throughout New York state, and partnered selectively with organizations in other regions to share resources and help finance the deployment of clean energy and energy efficiency nationwide.

We are fortunate to play an important role in advancing a just and equitable clean energy transition. NYCEEC finances projects that might not otherwise attract capital because they are often too small, too complex, or perceived as too risky. We have financed energy efficiency and clean energy projects across a wide range of building types, including affordable housing, assisted living and elder care facilities, health centers, homeless shelters, houses of worship, schools, and supportive housing. These investments often reduce operating and maintenance costs or extend the useful life of facilities, enabling organizations to devote more resources to serving their communities.

In addition, NYCEEC helps crowd in capital to support community-scale clean energy and energy efficiency projects. We do this by borrowing funds to expand our lending capacity, attracting co-lenders to participate in projects, securing loan guarantees to de-risk our lending activities which supports the crowding-in of capital, establishing platforms through which third parties can invest in impactful initiatives, and sharing lessons learned to help mobilize additional lenders.

As longtime New York Yankee Yogi Berra famously observed, “It’s tough to make predictions, especially about the future.” That sentiment certainly applies to the future of energy efficiency and clean energy projects in our communities. Energy prices will fluctuate, technologies will evolve, and public policies will continue to change. Nevertheless, we believe that the need for abundant, affordable, clean, and resilient energy will only continue to grow.

As the clean energy landscape evolves, we recognize the importance of continually adapting and growing alongside it. We also know that our work would not be possible without the support of our public-sector, private-sector, and philanthropic partners. Thank you for your continued support of NYCEEC and for helping us advance our mission and achieve our goals.

On behalf of the NYCEEC team,