HEAT PUMP INCENTIVES
FOR MULTIFAMILY BUILDINGS
IN NEW YORK CITY
BONDI Energy works with Multifamily Building Owners to secure funding and incentives for energy-efficiency retrofits.
Electrification of space and water heating presents a huge opportunity to reduce greenhouse gases. Heat pumps are the most efficient way to decarbonize buildings and increase multifamily building savings.
There are several ways that Multifamily and Commercial building owners can reduce their retrofit installation costs by utilizing the numerous rebates that the U.S. Government and the New York State Energy Efficiency Programs offer.
BONDI Energy can secure a minimum of $4000 per apartment for your multifamily heat pump retrofit.
We have experience stacking rebates from ConED, NYSERDA, IRA and more, to maximize on available funding.
Bondi Energy is a registered ConED Clean Heat Contractor as well as a Finance Provider for the Con Edison Clean Heat Financing Program.
Contact us to discuss partnering on your next energy retrofit project.
LOCAL HEAT PUMP INCENTIVES & THE INFLATION REDUCTION ACT
This Inflation Reduction Act aims to help slash the United States’ Carbon footprint by 40% by 2030. There are two main components that affect mulitfamily and commerical buildings.
Increase and Expansion of 179D Energy-Efficient Commercial Building Tax Deduction
The IRA will provide $1 billion for retrofit projects that advance building electrification and improve energy and water efficiency in affordable housing.
Whole building retrofits on affordable multifamily housing can qualify for $4,000 per unit and $400,000 per building in rebates.
Extension and Expansion of 45L Energy-Efficient Home and Multifamily Tax Credit
The maximum tax credit increases to $5,000 per dwelling unit for both single-family and multifamily developments starting in 2023.
Now applicable to all multifamily developments regardless of height, buildings that are 4 stories or taller will be eligible for both 179D tax deductions and 45L tax credits.
Bondi Energy is experienced in handling the complicated process of obtaining rebates and incentives for building upgrades.
BONDI ENERGY CAN HELP MAXIMIZE HEAT PUMP REBATES, INCENTIVES & FINANCING
Government
Bondi Energy partners with municipalities to help reach decarbonization and climate goals. As knowledgeable program and project managers, Bondi Energy is experienced in turning programs into physical retrofits. We offer flexible financing, a wide network of energy contractors, and sophisticated programs to manage energy efficiency in the future.
Utility Providers
Bondi Energy can help you develop, manage, and implement your clean energy incentive and rebate programs. We have experience on the ground, upgrading a wide range of multifamily and commercial buildings. We can manage electrification programs that are scalable at meet the needs of your city.
BONDI ENERGY PROVIDES FINANCING FOR HEAT PUMP RETROFITS
Bondi Energy offers unique financing solutions
BONDI’S Financing options are designed to avoid encumbering the building owner’s property and to allow for future sales and refinancing.
Our funding is 100%, long-term, fixed-rate for energy efficiency and sustainability upgrades in multifamily and commercial buildings.
Business Covenant Equipment Financing
is based on the building owner’s business’s ability to pay back an equipment financing charge, not on the value of the building asset, allowing the building to attain first mortgages.
Commercial Property-Assessed Clean Energy (CPACE)
is a structure in which building owners finance energy efficiency retrofits through the building owner’s property taxes. The financing arrangement remains with the property and is transferable upon sale.
