- Financing Solutions
- Our Work
- Get Started
Financing Multifamily Solar to Support Local Law 97 Goals
Projected Annual Energy Production
0 MT CO2e
Projected Lifetime GHG Savings
Annual Cost Savings
37,137 Square Feet
NYCEEC loan product
Solar PV array,
NYCEEC provided financing for the installation of a 24.5 kW solar array and roof replacement with insulation improvements at a 48-unit market-rate condo building in Clinton Hill, Brooklyn. The solar array will meet 100% of energy demand from the building’s common spaces.
The project showcases the role of collaborations in driving green investment in the multifamily building sector. The building received technical support from the NYC Accelerator (which provides free resources and expert guidance to help improve the energy efficiency of NYC buildings), including assistance developing a scope of work and guidance and information on Local Law 97 compliance requirements. The building also received solar feasibility analysis and project development support provided by Solar One, a not-for-profit organization that provides technical assistance for urban sustainability projects. NYCEEC provided a favorable green lending solution to complete the project.
Total Project cost
NYCEEC’s loan will fund the roof replacement and installation of the solar array, driving energy cost savings for the building and contributing to Local Law 97 compliance. NYCEEC’s work with the NYC Accelerator benefits building owners looking for both technical assistance and loan capital to implement green projects and provides a template for driving deeper investment in Local Law 97 compliance for multifamily buildings citywide.