Carbon Neutral Community Economic Development – NYSERDA
The New York State Energy Research and Development Authority (NYSERDA) today announced $15 million is available for the Carbon Neutral Community Economic Development program (CNCED) as part of Round XI of Governor Andrew M. Cuomo’s Regional Economic Development Council initiative announced last week. The funding will accelerate the design, planning, and construction of regionally significant, community-scale carbon neutral economic development projects for buildings, campuses and communities, and large portfolio owners. The program supports Governor Cuomo’s nation-leading climate and clean energy agenda including an 85 percent reduction in greenhouse gas emissions by 2050.
The third round of the Carbon Neutral Community Economic Development program includes two categories in which funding is available:
Category A:
- Facility-level carbon neutral building performance, which includes commercial, light-industrial, mixed use and municipal buildings, new construction, gut rehab and change-of-use projects (no size limit) with up to $2 million available for each awarded project. Eligible costs include: design, energy modeling, energy efficiency, controls, renewables, heat pumps, electric vehicle charging, storage, and commissioning.
Category B:
- Campus, community and large portfolio owner projects, which includes the planning, technical analysis, and design of carbon neutral performance for the community. Projects must be at least 1 million square feet or cost at least $50 million to implement. Projects in this category could include colleges and universities, downtown revitalization initiatives, neighborhoods, and office parks with up to $5 million available for each awarded project.
Funding awards will be prioritized for projects that are easily replicable and located in disadvantaged communities. A total of 21 projects have been awarded over $23 million in incentives since the Carbon Neutral Community Economic Development program was launched in 2018. For more information or to apply for this program please visit https://regionalcouncils.ny.gov/.