$500K
per applicant
Grant
Cash award, application-based
Rolling
No fixed cutoff
Rolling
Or check for open cycles
Moderate
Standard state application
Supports large commercial buildings in meeting NYC Local Law 97 carbon caps through energy audits, retrofits, and deep energy efficiency improvements, helping owners avoid substantial annual penalties.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Building must be subject to NYC Local Law 97 (buildings over 25,000 sq ft)
2.Project must reduce building emissions to meet or exceed 2024 and 2030 LL97 carbon caps
3.Eligible: HVAC electrification, building envelope, lighting, controls, and benchmarking
4.Technical assistance and grant funding available through NYC Retrofit Accelerator
5.Priority for buildings in disadvantaged communities or with rent-stabilized tenants
IRS · United States
Allows businesses to deduct up to $5.65/sq ft for commercial buildings achieving significant energy savings through improvements to HVAC, lighting, and building envelope systems. IRA expanded the deduction and allowed non-profits and government to allocate it.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
CDFI Fund · United States
Attracts private investment into low-income communities by allowing investors to receive a 39% federal tax credit over 7 years on investments made through certified Community Development Entities (CDEs).