Energize NY Energy Efficiency Loans
Columbia County is adopting legislation to facilitate property upgrades through the “Energize NY” financing program. Energize NY provides low cost, long-term alternatives to traditional loans to fund clean energy projects for commercial and residential buildings. The program makes it easier to fund cost-cutting measures.
Financing is available for up to 100% of the project cost with customizable loan terms of up to 20 years. The financing is paid through annual charges to the property tax bill. This allows financing to automatically transfer to new owners if the property is sold. Energize NY will only finance projects which generate cash flow for the owner, meaning that the savings annually will be greater than the loan payments.
By upgrading to cleaner, more energy efficient options, business owners can reduce their emissions, reduce the cost of running their building, and contribute to a more sustainable community.
To learn more about applying for the program, contact the Columbia Economic Development Corporation.
This issue is scheduled to be voted on at the February 14 meeting of the Board of Supervisors. Tell me what you think of the proposal.