Stay ahead of costs, codes, and the competition
Optimize your building’s performance and earn up to 22 percent ROI annually.* A whole-building energy efficiency strategy can lower your operational costs by up to hundreds of thousands per year, enhance your property’s value, and reduce your carbon footprint.
The Existing Buildings program allows owners of 5+ units and 4+ floors to design a customized, comprehensive whole-building energy solution tailored to your building and your business (If you have a smaller building, consult the Home Performance with ENERGY STAR ® Low Rise Program). With the help of a highly specialized, experienced energy efficiency expert, called a Multifamily Performance Partner, you’ll develop an Energy Reduction Plan designed to hit an energy savings target of 15 percent. Your Partner will help you take advantage of incentives to help you cover your costs—including bonus incentives for buildings that exceed energy performance goals.
Buildings across the State are participating in the Multifamily Performance Program. Find projects near you.
Anticipated as of November 1, 2014, pending Public Service Commission approval of funds transfer.*
|Affordable (per unit)
||Market Rate (per unit)
Performance Payment (per unit)
|Tier #1: 20% – 22%
|Tier #2: 23% – 25%
|Tier #3: 26% – 28%
|Tier #4: 29%+
* Incentives may be adjusted by NYSERDA.
- Buildings with 5+ units and 4+ floors
- At least 50 percent of the building’s gross heated footage must be residential space
- Must pay into SBC
- NYSERDA incentives cannot be combined with incentives or rebates from utility company programs
- Buildings that have received incentives or rebates from other programs are not eligible for NYSERDA support for 12 months after receipt of payment
What’s the best deal: deciding between NYSERDA programs and utility company programs
Some utility companies offer programs specifically for multifamily buildings. We recommend that you carefully compare the benefits of working with a utility company program and the NYSERDA Multifamily Performance Program. You must choose one or the other. NYSERDA takes a whole-building approach and creates incentives based on energy savings; utility companies tend to offer rebates on specific improvements or upgrades. Utility companies are generally restricted to working with building of 75 units or less; there is no upper size limit for working with NYSERDA.
Contact your utility company directly or check out following web sites to help you decide:
- AC Lofts (Buffalo) – 91-unit apartment complex that has cut energy usage by 32 percent.
- Rose May Manor (Pulaski) – Apartment complex in total disrepair slashed the building’s energy usage by 39%.
- Carnegie House (Manhattan) – 21-story Manhattan co-op building invested in comprehensive energy upgrades creating more than $139,000 in annual cost savings.
- Riverview Court (Yonkers) – 343-unit affordable housing building cut its energy costs by more than $300,000 a year.
- Trump Tower at City Center (White Plains) – High-rise co-op building slashed energy use by 21 percent.
- Grant Village Apartments (Syracuse) – 520 apartments across 45 buildings saved 25 percent and $293,643 in electricity and natural gas costs for this complex in Syracuse.
- Saranac Lake Building (Saranac Lake) – Mixed-use residential and commercial building cut energy use by 27 percent and delivered annual savings of $6,495. Projected payback time: 6.8 years.
- Colvin Avenue Apartments (Buffalo) – Two-story, 12 unit building achieved a 40 percent energy savings in both electricity use and natural gas.
- Phipps Garden Apartments (Queens) – Two-building Queens apartment complex earned annual energy savings of nearly $180,000.