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Multifamily (5+ Units)

Major Improvements, Major Incentives

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If you own an existing multifamily property, or are planning to build one, here’s great news.

The New York State Energy Research and Development Authority (NYSERDA) now gives you even greater opportunities to maximize your building’s energy efficiency to reduce energy costs. Through the Multifamily Energy Performance Portfolio, NYSERDA provides you with a variety of programs to help your building realize a substantial cost savings, reduce waste, and offer residents a more comfortable, healthy and sustainable environment. Whether you want to start small or go big, we have a program that works for you. And our experienced Multifamily Performance Partners will provide you with hands-on expertise to help to process paperwork and keep projects on track.

NYSERDA’s portfolio of energy efficiency programs for multifamily buildings apply to buildings with five or more residential units and four or more floors. Our multifamily programs can fund, implement and measure energy efficiency to improve your building performance—and enhance your bottom line. Learn more below.

Do you own an existing multifamily building with 1 to 4 units? Learn about how NYSERDA’s Home Performance with ENERGY STAR® program can save you and your tenants hundreds—even more—each year on energy bills.

Are you developing a new multifamily building with 1 to 3 floors? Learn how the New York ENERGY STAR Homes Program can help you build a more energy-efficient residence.

Quick Links: Multifamily Programs

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  • Performance pays. Approach your building as a system for big energy savings with our Multifamily Performance Program. For existing buildings, this program can start with either a Benchmarking report that provides a list of simple upgrades to get you started with energy efficiency, or a whole-building assessment. The program then moves on to an Energy Reduction Plan that can help you take advantage of incentives and low-cost financing. For new construction, you can build in energy efficiency features before or during the design phase.
  • Knowledge is power, and the potential to save. Empower residents to save energy—and money—with advanced submetering through our Advanced Submetering Program.
  • Multifamily Carbon Emissions Program. This program, which helps multifamily building owners save money by converting from #6 fuel oil to a more efficient fuel, has been closed to new participants. If you are already a participant in this program, find the documents you need on the Multifamily Carbon Emission Program.

Financing below the market rate

Financing for multifamily energy upgrades is more affordable through Green Jobs – Green NY. You can borrow up to $1 million below the market rate to pay for the balance of energy efficiency upgrades not covered by NYSERDA’s generous cash incentives. Upgrades (including advanced submetering) to existing buildings are eligible for financing through this program. Read more about Green Jobs – Green NY for multifamily buildings.

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Find a program that works for you

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Additional resources

Contact Us

Call us at 1-866-NYSERDA. We’re here to help.

If you are ready to get started, contact one of our Multifamily Performance Partners.

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Last Updated: 10/20/2014