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Equipment Loan

Borrower

Building Owner

Minimum Loan Size

$200,000

% Loan Financing Available

Up to 90% of project costs (up to 100% for affordable multifamily)

Features

Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging

Eligible Building Types

Multifamily
Commercial and Industrial
Institutional

Eligible Energy Efficiency and Clean Energy Technologies Financed

Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Solar Photovoltaic
Combined Heat and Power
Fuel Conversion
Other technologies and applications evaluated on a case-by-case basis

“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.

Featured Projects

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West 90th Street

The fuel conversion project brought the co-op into compliance with Local Law 43: Clean Heat and installed much more efficient separation of the heat and hot water systems because the boiler can now be shut down in the summer.

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Spencer Place

The project was a retrofit of the affordable multifamily building in Brooklyn. The building owner sought to save money and improve building performance by implementing energy upgrades recommended in its NYSERDA energy audit.

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PACE Loan

Borrower

Building (via property tax mechanism)

Minimum Loan Size

$150,000

% Loan Financing Available

Up to 100% of project costs (or as permitted under local PACE law)

Features

Permanent financing
Construction financing depending on jurisdiction

Eligible Building Types

Multifamily
Commercial and Industrial
Institutional

Eligible Energy Efficiency and Clean Energy Technologies Financed

Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Solar Photovoltaic
Combined Heat and Power
Fuel Conversion
Deep Energy Retrofits
High-Performance Buildings
Other technologies and applications evaluated on a case-by-case basis

NYCEEC is a PACE lender in CT
“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.

Energy Services Agreement (ESA) Loan

Borrower

SPE owned by developer

Minimum Loan Size

$400,000

% Loan Financing Available

Up to 80% of project costs (20% developer equity)

Features

Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging

Eligible Building Types

Multifamily
Commercial and Industrial
Institutional

Eligible Energy Efficiency and Clean Energy Technologies Financed

Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Other technologies and applications evaluated on a case-by-case basis

“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.

Featured Projects

Marcus-Garvey-tile-600x403

Marcus Garvey

Demand Energy, a leading energy storage company in NYC, was looking to expand into new markets.

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Ecosave Hebrew Home

Ecosave provided a turnkey solution with an energy services agreement (ESA) that guaranteed project performance. The project included upgrades such as LED lighting, replacement of fan coil units, building automation system upgrades, electric and steam submeters, air handling units, variable frequency drives on pumps and fans.

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Power Purchase Agreement (PPA) Loan

Borrower

SPE owned by developer

Minimum Loan Size

$400,000

% Loan Financing Available

Up to 80% of project costs (20% developer equity)

Features

Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging

Eligible Building Types

Multifamily
Commercial and Industrial
Institutional

Eligible Energy Efficiency and Clean Energy Technologies Financed

Solar Photovoltaic
Combined Heat and Power
Other technologies and applications evaluated on a case-by-case basis

“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.

Featured Projects

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Greenwood Millennium Broadway

The Millennium Broadway is a large business and tourist-oriented hotel in the Theater District. The hotel wanted to install a new cogeneration system and other HVAC-related efficiency measures.

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Lakeside Towers

The building entered into a power purchase agreement (PPA) with Strategic Finance Group to purchase electrical and thermal generation from a 125 kW Tecogen cogeneration system.

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Green Construction Loan

Borrower

Building Owner

Minimum Loan Size

$300,000

% Loan Financing Available

Up to 90% of project costs (up to 100% for affordable multifamily)

Features

Construction financing
Multiple draws

Eligible Building Types

Multifamily
Commercial and Industrial
Institutional

Eligible Energy Efficiency and Clean Energy Technologies Financed

Building Enclosure
HVAC and Controls
Lighting
Domestic Hot Water
Demand Response
Energy Storage
Solar Photovoltaic
Combined Heat and Power
Fuel Conversion
Deep Energy Retrofits
High-Performance Buildings
Other technologies and applications evaluated on a case-by-case basis

“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.

Featured Projects

651-new-york-ave

651 New York Avenue

NYCEEC provided a loan for just the efficiency work, enabling the developer to upgrade from standard building code to deeper, high performance building standards.

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9th Street Building Front

9th Street

NYCEEC provided a $685,000 mortgage loan with multiple draws and capitalized interest.

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Multifamily Solar Loan

Borrower

Building Owner

Minimum Loan Size

$200,000

% Loan Financing Available

Up to 90% of project costs (up to 100% for affordable multifamily)

Features

Construction financing (if needed) and permanent financing
Multiple draws
Incentive bridging

Eligible Building Types

Multifamily

Eligible Energy Efficiency and Clean Energy Technologies Financed

Solar Photovoltaic
Other technologies and applications evaluated on a case-by-case basis

“Affordable multifamily” is defined as condos, co-ops and rental buildings with demonstrable benefit to affordable tenants.
All projects financed by NYCEEC must provide an expected net annual reduction in greenhouse gas emissions.

Featured Projects

Elmo-Homes-body-photo-600

Elmo Homes

Elmo Homes is a self-managed 24-unit co-op building. The owners wanted to purchase and install rooftop solar to generate electricity onsite and lower greenhouse gas emissions.

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