For businesses in the New York Con Edison service area, which includes New York City and Westchester County, upgrading to more energy efficient HVAC and refrigeration systems just became even more accessible and affordable. We’re thrilled to announce an exciting new partnership between Con Edison and Verdant Commercial Capital that provides low-cost financing options specifically for energy efficiency retrofit projects in 2024.
Through Con Edison’s Commercial & Industrial (C&I) Energy Efficiency Program, eligible customers can take advantage of incredible financing incentives, including:
- Zero Down, Zero Interest for 24 Months
That’s right – qualified projects have the opportunity to finance retrofits with a $0 down payment required and 0% interest for a full two years. This zero-cost financing option allows you to start realizing energy savings from day one, without any upfront capital outlays.
- Up to 100% Project Financing
In addition to zero down payment, these attractive loans can cover up to 100% of total project costs related to upgrading HVAC, refrigeration, lighting, building controls and other energy-intensive systems.
- Rapid Approval and Funding
The streamlined application process means you’ll receive a credit decision in less than 24 hours. And once approved, project funding can be provided to contractors within just 4 business days. This allows retrofit installations to begin promptly, without the delays from traditional financing requirements.
- An Investment That Pays for Itself
Between the zero upfront costs, low interest rates locked in for years, and substantial utility savings generated – retrofits effectively pay for themselves over the financed period. Businesses can see positive cash flow from day one of their retrofit project by taking advantage of this program.
- You’ll Need to Act Fast
While this financing partnership is a game-changer for energy efficiency retrofits, it is a limited-time opportunity. All projects must be submitted by June 30th, 2024 and need to be fully installed by December 31st, 2024 to qualify. And with $0 down, 0% interest for two years – these attractive programs are sure to be in high demand.
If reducing overhead costs, improving energy efficiency, and advancing sustainability initiatives are priorities for your company in 2024 – this financing program merits serious consideration. But don’t wait too long to explore your retrofit options!
Reach out to our team today and we’ll guide you through the entire process – from applying for financing incentives to seeing it through to a successful installation. This turnkey solution takes all the headaches out of complex retrofit initiatives.
Together, we can leverage this unique financing opportunity to drive meaningful sustainability progress through smart, cash-flow positive upgrades across your facilities and operations. But you’ll need to act quickly before this limited program expires.
Contact us to get started on your zero down, zero interest retrofit project today!
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