New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle BB - State Energy Office › Chapter V - Conservation Programs › Part 7910 - Energy Investment Loan Program › Section 7910.6 - Program application for interest subsidy

Current through Register Vol. 46, No. 28, July 10, 2024
(a) Processing. Program applications for
				  interest subsidies will be processed upon their receipt by the Energy Office on
				  a first-come, first-served basis.
(b) Application contents. Each program
				  application for an interest subsidy submitted to the Energy Office shall
				  contain the following materials:
(1) A
				  completed application form.
(2) An
				  energy audit or, a technical feasibility study, as appropriate, complying with
				  the requirements of section
				  7910.7 
				  of this Part.
(3) Two construction
				  bids, or in the case of in-house projects, schedules consistent with paragraph
				  (4) of this subdivision, containing cost estimates for the energy conservation
				  improvement project to be implemented. Cost estimates and schedules must
				  reflect the total installed cost of the project, including materials, labor,
				  and construction management design fees. However, construction management fees
				  greater than 15 percent of the cost of the materials and labor of the energy
				  conservation improvement project are not eligible for an interest subsidy. The
				  Energy Office may, in its discretion, waive the two-bid requirement where the
				  applicant demonstrates good cause for the waiver.
(4) In the case of in-house projects,
				  schedules of wages and projected hours to be worked on the proposed energy
				  conservation improvement project, and two suppliers' estimates of the cost of
				  the materials to be used for the project. Documentation of actual in-house
				  labor costs incurred for approved projects shall be maintained by the applicant
				  and may be reviewed by the Energy Office.
(5) Simple payback calculations for each
				  recommended energy conservation improvement. Simple payback is to be calculated
				  by dividing the total installed cost of the improvement presented in the
				  selected contractor's bid, or in the applicant's schedules and selected
				  estimate in the case of an in-house project, by the projected annual energy
				  cost savings. Ongoing operation and maintenance costs, finance charges, and the
				  cost of preparing and updating energy audits or technical feasibility studies
				  shall not be included in the total installed cost.
(6) Energy savings calculations and
				  calculation sheets.
(i) All recommended
				  energy conservation improvements must be accompanied by a full explanation of
				  the methodology used in calculating energy savings. The Energy Office may
				  provide standard calculation sheets, which must be used whenever
				  provided.
(ii) If standard
				  calculation sheets have not been provided by the Energy Office, the methodology
				  used to calculate energy savings will be reviewed for adequacy and
				  reasonableness by the Energy Office.
(iii) The projected annual energy cost
				  savings may include electric demand savings.
(iv) For submetering improvements, energy
				  savings of no greater than 15 percent shall be used.
(7) A copy of the commitment issued by a
				  financing institution to make a program loan, which shall include the terms of
				  such loan, and which shall be submitted either with the application or
				  following a review of the rest of the application and a determination of
				  project eligibility by the Energy Office.
(8) Authorization from the building owner to
				  undertake the energy conservation improvements where the program application is
				  being submitted by someone other than the building owner.
(9) A breakdown of construction management
				  and design fees to be paid for out of the loan proceeds, if
				  applicable.
(10) For projects
				  involving submetering, proof of any required New York State Public Service
				  Commission approval.
(11) Such
				  additional information as may be required by the Energy Office.