Industrial Process Efficiency Performance Based Incentive
The New York State Energy Research and Development Authority’s (NYSERDA) Industrial Process Efficiency Incentive is provided to applicants to offset the costs of projects focused on increasing productivity, increasing process efficiency, reducing waste, and reducing energy consumption per unit of production. Incentives are determined by multiplying the annual energy savings by the rates below. Projects involving first of their kind or innovative process improvements should also review NYSERDA’S Industrial Process and Product Innovation Program.
Incentive
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Upstate |
Con Edison |
| Industrial Process |
$0.12/kWh |
$0.16/kWh |
An applicant may not collect more than $5,000,000 per process improvement project, not to exceed 50% of project cost.
Eligibility
Target industries include, but are not limited to: chemicals, forest products, printing and publishing, metals finishing, data centers, ceramics, automotive, and food processing.
Measurement and Verification
Industrial Process Efficiency projects must undergo M&V for a period of up to one year. NYSERDA or its consultant will create an M&V Plan in collaboration with the applicant. Projects will be subject to a 40% withholding of incentive, which is payable after NYSERDA approves the final M&V report.
Minimum Size
Projects must qualify for an incentive of at least $50,000.
Interested?
NYSERDA is available to:
- Consult with customers about eligibility;
- Schedule site visits; and
- Assist customers with the application process
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