Resources Source

Overview

The New York City Energy Efficiency Corporation is a financing entity created by New York State to help implement the Greener Greater Buildings Plan and further the goals of PlaNYC. As an independent nonprofit corporation, NYCEEC strives to support these initiatives by creating a financial market for private building owners so they can more easily invest in retrofit projects.

NYCEEC provides direct loans to building owners to finance energy efficiency retrofits and clean heat conversions. It also offers Energy Service Agreements (ESAs), which are contracts allowing for energy efficiency to be considered a service. With ESAs there are little to no upfront costs for the building owners because payments are made as expenses rather than as retrofit loans. 

To make this market for energy retrofits possible, NYCEEC has established partnerships with banks, energy service companies, and financial institutions, including:
  • Energy Efficiency and Conservation Block Grant Program under the American Recovery and Reinvestment Act of 2009
  • Deutsche Bank Americas Foundation
  • Doris Duke Charitable Foundation
  • Kresge Foundation
  • Living Cities Foundation
  • Natural Resources Defense Council (NRDC)
  • Rockefeller Foundation
  • Surdna Foundation

Click here to learn more about NYCEEC.

Categories

Welcome to the Building Energy Exchange! Located in downtown Manhattan, we’re a resource center dedicated to advancing efficient energy and lighting design in buildings. Explore this site for helpful case studies and reports, check out our calendar for a wide range of activities and events, and follow our lively blog, Insight. Our site is growing all the time—drop us an email to contribute or comment!

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