Con Edison is enhancing its incentives for commercial and industrial customers that make HVAC upgrades with two program offerings.
With Early Replacement and Extended Life offerings, owners can take advantage of the former when HVAC equipment is replaced before the end of its effective useful life. For chillers, which on average last 20 years, the replacement age would have to be less than 19 years old. Useful life varies across equipment.
The two offerings mark a change in the way Con Edison approaches HVAC upgrades. Historically, incentives were rewarded based on the difference between a baseline code for the equipment and the more efficient product. This did not always represent the true savings owners would earn by upgrading outdated HVAC and it limited incentive payments.
By significantly increasing its HVAC incentives and offerings, Con Edison is signaling it is committed to making energy efficiency feasible and desirable.
Con Edison is enhancing its incentives for commercial and industrial customers that make HVAC upgrades with two program offerings.
With Early Replacement and Extended Life offerings, owners can take advantage of the former when HVAC equipment is replaced before the end of its effective useful life. For chillers, which on average last 20 years, the replacement age would have to be less than 19 years old. Useful life varies across equipment.
The two offerings mark a ch
ange in the way Con Edison approaches HVAC upgrades. Historically, incentives were rewarded based on the difference between a baseline code for the equipment and the more efficient product. This did not always represent the true savings owners would earn by upgrading outdated HVAC and it limited incentive payments.
By significantly increasing its HVAC incentives and offerings, Con Edison is signaling it is committed to making energy efficiency feasible and desirable.