programs and incentives


Emergency Economic Development Programs - This Program is now closed.

NYSEG is no longer accepting new applications. The deadline was September 1, 2012.


 

NYSEG offers incentives in the form of rate discounts and funding assistance to help make upstate New York an attractive place to do business. We intend to play a viable role in encouraging business to remain in New York State and to attract new companies to our region.

Incremental Load Incentive (ILI)
Provides a reduction from the standard tariff rate, on a per kilowatt-hour basis, for non-retail businesses locating or expanding in NYSEG's service area.

Empire Zone Incentive (also known as the “Economic Development Zone Incentive” or EDZI)
Provides a reduction from the standard tariff rate, on a per kilowatt-hour basis, for businesses locating or expanding in a designated Empire Zone. For more information on the NYS Empire Zone program, visit their Web site.

Competitive Pricing: Electricity and Natural Gas
Under special tariffs, NYSEG can provide negotiated prices to new customers or for qualified expansions by existing customers. Eligibility is contingent upon your having:

  • A competitive alternative to NYSEG services
  • A minimum connected load
  • Consideration of appropriate energy efficiency measures


Power for Jobs (PFJ)
Provides low-cost electricity from the New York Power Authority for qualifying businesses that expand or remain in New York State. PFJ is designed to assist New York State businesses that are at risk of closing or downsizing their operations or moving out of the state. Pricing varies depending on a customer's usage pattern, power need and the delivery cost. To learn if you might be eligible for this program, visit the NYPA Web site.

Investment and Outreach Programs
NYSEG has committed a portion of its annual economic development program budget to several non-rate incentive programs. After careful review of the program requirements, you may complete our online pre-application form. We will contact you to discuss various possibilities for your project, including:

    • Brownfield/Building Redevelopment
    • Utility Infrastructure Investment
    • Capital Investment Incentive
    • Agriculture Capital Investment
    • Business Energy Efficiency Assistance
    • Economic Development Outreach
    • Gas Infrastructure Investment
    • Power Quality/Reliability

 

  • Brownfield/Building Redevelopment
    NYSEG may provide funding assistance, on a per project basis, to encourage the redevelopment of a "brownfield" site or vacant building within NYSEG's electric service area.  Proceeds may not be used for the remediation of the site.
  • Utility Infrastructure Investment
    If funding from other sources is inadequate, NYSEG may supplement, on a per project basis, new electric delivery related facilities involving existing or prospective manufacturing or large non-retail commercial customers with electric demand of 100 kilowatts or more, if a minimum of $1 million is invested in a new or expanded facility.
  • Capital Investment Incentive
    NYSEG may provide financial assistance, on a per project basis, for electric delivery related infrastructure to manufacturing, non-retail customers and certain other industries to encourage additional capital investment to an eligible facility.
  • Agriculture Capital Investment
    NYSEG may provide funding assistance, on a per project basis, for electric delivery related infrastructure for smaller farms having incremental electric demand of at least 25 kilowatts after new capital investment of at least $50,000.
  • Business Energy Efficiency Assistance 
    NYSEG partners with the New York State Energy Research and Development   Authority (NYSERDA) on several programs to encourage energy efficiency.
  • Economic Development Outreach
    NYSEG may supplement other economic development funding, on a per-initiative basis, for strategic outreach projects that will primarily focus on attracting new business investment into the NYSEG service area.
  • Gas Infrastructure Investment
    NYSEG will invest in new gas delivery related facilities to manufacturing or non-retail commercial customers making a minimum capital investment of at least $250,000 and increasing gas usage by at least 50 Therms per hour.
  • Power Quality/Reliability
    NYSEG, in consultation with the customer and/or its representatives, will pay up to 
    50% of equipment costs required for power reliability or quality improvements to be
    installed behind the meter with a maximum contribution of $50,000.


Note: Annual spending limits exist for each program; therefore, NYSEG may not be able to fund all applicants. Contact NYSEG's Economic Development Department for details.

For further information about NYSEG’s programs, call us at 1.800.456.5153 or e-mail us.

NYS Tax Credits
There are also a number of tax credit incentives available to companies at both the State and local levels. To learn more about business taxes in New York State please visit the NYS Department of Taxation and Finance Web site.