Con Edison Business Customers Reach One Million Megawatt Hours in Energy Savings
That’s Enough Saved Energy to Power Times Square for Two Years
When Con Edison started its Small and Medium Business Program in the five boroughs and Westchester in 2010, it focused on simple improvements such as installing LED lighting. Today, the program offers more comprehensive measures, including lighting and controls, heating, ventilation and cooling (HVAC) equipment, hot water systems, building envelope, energy management systems, and refrigeration upgrades.
The program has provided more than 33,000 business customers almost $238 million in incentives for nearly 49,000 projects.
“Con Edison is here to help businesses reduce their energy costs and improve their bottom line,” said Greg Elcock, vice president of Energy Efficiency and Distributed Resource Planning.
“We’re helping businesses achieve their clean energy goals with incentives and rebates offered in our Small and Medium Business, Multifamily and Commercial and Industrial programs. Incentives help businesses cover the upfront costs of energy efficient upgrades,” Elcock said. “Businesses then save money every month on their energy bills giving them a better return on their investment. It’s good for business and good for the environment.”
Con Edison’s clean energy programs play an integral role in helping business customers understand their electrification needs, and finding the right incentive to make their clean energy goals affordable. This work is an important part of Con Edison’s Clean Energy Commitment.
To help achieve New York’s ambitious climate goals, Con Edison is building a Clean Energy Network to advance market transformation and optimize the efforts of stakeholders, contractors, distributors, manufacturers, architecture and engineering design firms, technology providers, financiers, educators, and key industry professional organizations, to benefit New Yorkers.
Con Edison is working to help NYC businesses meet their energy efficiency requirements under Local Law 97.
That law is part of the city’s ambitious plan to make NYC carbon neutral by 2050. It applies a carbon emissions limit for businesses that own a single building over 25,000 square feet, or multiple building units with more than 50,000 combined square feet. The first emissions compliance deadline is 2024.
Con Edison offers energy efficiency saving and incentive programs for all kinds of businesses from large commercial and industrial customers to multifamily building owners to apartment dwellers and homeowners.
The company is also helping New York meet its urgent need for clean energy workers by investing in green job training, with a focus on helping residents of disadvantaged communities. The Clean Energy Academy has successfully trained more than 500 individuals for careers in the energy field.
Statements of Support
Randy Peers, President and CEO if the Brooklyn Chamber of Commerce
“Long before New York State and New York City passed sweeping legislation focused on decarbonization and energy efficiency Con Edison’s Small and Medium Business program was leading the way in assisting in the conversion to more sustainable energy practices. On behalf of the thousands of Brooklyn businesses that have taken advantage of the program’s incentives and rebates, I want to applaud Con Edison for putting small businesses first!”
Lisa Sorin, President of the Bronx Chamber of Commerce
“Businesses in the Bronx and throughout the five boroughs will definitely benefit from the incentives put in place by Con Edison. When most small and medium businesses are still trying to recover from the pandemic, installing energy-efficient technology and equipment will help tremendously in their day-to-day operations."
Richard Yancey, Executive Director, Building Energy Exchange
“Building by building, Con Edison’s energy efficiency programs are accelerating New York’s transition towards a low-carbon future, enabling upgrades that improve energy performance, reduce emissions, and lower operating costs for thousands of businesses. “Con Edison’s programs make it easy to save money while improving the planet and adding value to your assets.”
Dr. Marsha Gordon, President /CEO of the Business Council of Westchester
“Businesses are better when they work efficiently. Con Edison’s incentives help make installing energy efficiency upgrades more affordable for businesses. And, using less energy means lower bills. That’s why we think Con Edison’s energy efficiency programs are good for business and the environment.”
Jessica Walker, President and CEO of the Manhattan Chamber of Commerce
“We applaud Con Edison’s efforts to help businesses navigate the costs and complexities in the transition to clean energy. Con Edison helps businesses choose the energy efficiency technology that’s right for them with incentives that make it more affordable, which is critical during this recovery phase after the pandemic.”
Andrew Rigie, Executive Director of the New York City Hospitality Alliance
“The restaurant and bar industry is a reflection of the economic health of New York City. Con Edison Small and Medium Business program incentives make the investment in energy efficiency upgrades more affordable, optimizing energy usage and costs while improving customers’ comfort. It’s good for the environment, the bottom line, and New York.”
Tom Grech, President and CEO of the Queens Chamber of Commerce
"Small businesses are the lifeblood of Queens, adding unique character to our neighborhoods and creating economic opportunity in every corner of our borough. Queens Chamber members care deeply about doing well by doing good, and we applaud Con Edison for this innovative incentive and rebate program that helps small businesses reduce their carbon footprint while saving on their energy bills. This program will help ensure we continue to have a vibrant, sustainable small business community serving Queens."
Linda Baran, President and CEO of the Staten Island Chamber of Commerce
Small businesses are always seeking ways to reduce energy costs. As local and federal governments seek to achieve a clean energy transition by 2050, businesses of all sizes will need to develop plans to remain compliant – and programs that offer incentives to help defray costs will be essential. Con Edison’s Small and Medium Business program will help small businesses manage costs and educate them on proper energy-efficient strategies. We applaud Con Edison for its continued commitment to educating and assisting NYC’s small businesses.”
John Mandyck, CEO of Urban Green Council
“We’re excited to see Con Edison’s incentive program help small and medium businesses make a big impact on energy reduction. Their thoughtful approach to incentives and rebates for their customers helped jumpstart NYC's clean energy economy by expanding energy efficiency beyond simple lighting retrofits.”Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $14 billion in annual revenues and $66 billion in assets. The utility delivers electricity, natural gas and steam, and serves 3.5 million customers in New York City and Westchester County. Through Consolidated Edison Inc.’s subsidiary, Con Edison Clean Energy Businesses, the company is the second largest owner of solar electric projects in North America. For financial, operations and customer service information, visit conEd.com. For energy efficiency information, visit coned.com/energyefficiency. Also, visit us on Twitter and Facebook.