Extra Savings for Income-Eligible Buildings
Own or manage a multifamily building with five or more units? You may be eligible for higher rebates for equipment upgrades that could make your property more energy efficient and reduce costs.
To qualify, your building needs to be developed and maintained as income eligible (also known as affordable housing) with supportive documentation.* Check your eligibility below.
How to Apply
Once you confirm your building is eligible, you’ll need to:
- Download the Multifamily Income-Eligible Building Pre-Approval Letter on the confirmation screen of the eligibility screener.
- Identify the different areas of your building where you could make energy efficient upgrades and submit an interest form. You’ll be contacted by our partner, Willdan Energy Solutions. Willdan will provide you specific information about the extra savings you can get and how to apply for them.
- Choose a participating contractor to install your upgrades. You’ll need to provide a copy of the Multifamily Income-Eligible Building Pre-Approval Letter along with documentation that your building is developed and maintained as income eligible.*
If you’re a participating contractor, you’ll need to:
- Identify the different areas of the building where you could make energy efficiency upgrades.
- Log in or create a Willdan account and start a project.
- Once Con Edison verifies your account, you’ll need to provide a copy of the Multifamily Income-Eligible Building Pre-Approval Letter along with your application, as well as documentation that the building is developed and maintained as income eligible.*
All qualifying bildings are eligible for market-rate incentives, which are the standard rates.
You’ll need one of the following documents to verify your building’s eligibility:
-Department of Housing and Urban Development (HUD)–regulated affordable housing contract or contract award notice
-Division of Housing and Community Renewal (DHCR)–regulated affordable housing contract or contract award notice
-New York State Division of Housing and Community Renewal (NYSDHCR) contract or contract award notice
-Low-income housing tax credit award notice from NYSDHCR or NYC Housing Preservation and Development (HPD) showing tax credits for at least 50% of units
-HPD-regulated affordable housing (or other local housing agency) documentation of current mortgage, loan closing, housing development fund corporation (HDFC) incorporation, or deeds
-State of New York Mortgage Agency (SONYMA) mortgage insurance loan closing or mortgage insurance documents
-Weatherization Assistance Program letter from the Weatherization Agency confirming the project’s income eligibility
-Housing Finance Agency (HFA) 80/20 Program award letter or HFA contract documents
-NYCHDC 80/20 or Mixed Income Program award letter or New York City Housing Development Corporation (HDC) contract documents
-Rent Roll: Submit the annual rent, size, and occupancy for each apartment in the property. 50% of units must have calculated household income of no more than 80% of the state median income, based on the assumption that 30% of household income is applied to housing costs (i.e. rent).