Property owners and managers of multi-family buildings throughout New York City and Westchester County lose money on their real estate investments every day because their buildings waste energy. Yet many building owners and managers hesitate to initiate improvements because they are concerned about upfront costs and how to select and procure the right equipment.
That’s why Con Edison is offering property owners and building managers incentives to help make properties more energy efficient, reduce energy costs, save money and help protect the environment. The Multi-Family Energy Efficiency Program provides financial incentives for approved electric and gas energy efficiency upgrades based on a free energy survey. To participate in the program, property owners and building managers must own or manage a building with five to 75 units, receive a Con Edison electric and/or natural gas bill and pay the System Benefits Charge (SBC). The program is implemented by The Association for Energy Affordability (AEA).
Financial incentives are available for the following energy efficiency improvements in common areas:
- Heating system upgrades to high efficiency equipment
- Heating control installation including energy management systems, boiler reset controls and thermostats
- Roof and heating pipe insulation
- Upgrades to high efficiency fluorescent lighting, occupancy sensors and light-emitting diode (LED) exit signs
- Premium efficiency motors for pumps and fans
- Upgrades to high efficiency central air conditioning
“Multi-family building owners and managers can save money and energy by taking advantage of these incentives,” said Rebecca Craft, director Energy Efficiency Programs, Con Edison. “The upfront costs for efficiency upgrades are significantly reduced while the energy savings continue from year to year. We provide estimates on the cost of each improvement, available Con Edison incentives, and projected first year savings in dollars, and energy usage.”
Additional incentives are available for energy efficiency improvements within individual apartment units. Residents receive up to six free compact fluorescent light bulbs, an energy-saving “smart” power strip. They may also be eligible for efficient showerheads, faucet aerators and other cost-effective measures.
“Through this program, both owners and building residents can help affect the building’s bottom line, reduce their carbon footprint and reduce residents’ consumption,” said AEA Executive Director David Hepinstall.
Let the Green Team show you how your building can save energy and money. Go to ConEd.com/GreenTeam or call 1-877-870-6118 to speak to an energy representative.
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED]), one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $34 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edison’s Web site at www.conEd.com.
The Association for Energy Affordability (AEA) implements numerous public and utility-sponsored energy efficiency programs including Weatherization, NYSERDA sponsored programs, and this Con Edison program. AEA performs technical services including energy audits and trains energy professionals and industry trade allies on standards and best practices for energy efficiency work in buildings. To learn more about AEA, go to www.aeanyc.org.
For Con Edison
Gayle Nowak, 978-525-3742
Media Relations, 212-460-4111