{"id":5212,"date":"2018-02-12T10:47:35","date_gmt":"2018-02-12T15:47:35","guid":{"rendered":"http:\/\/randpc.com\/blog\/?p=5212"},"modified":"2022-11-30T09:28:34","modified_gmt":"2022-11-30T14:28:34","slug":"new-oil-to-gas-conversion-incentives-up-to-75000-in-rebates","status":"publish","type":"post","link":"https:\/\/m.randpc.com\/blog\/new-oil-to-gas-conversion-incentives-up-to-75000-in-rebates\/","title":{"rendered":"New Oil-to-Gas Conversion Incentives &#8211; Up to $75,000 in Rebates"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-5220 size-medium\" src=\"https:\/\/randpc.com\/blog\/wp-content\/uploads\/DSC_2907editweb2-1-300x246.jpg\" alt=\"Con Edison is introducing new high level incentives, up to $75,000 per building, to encourage customers to convert from oil to gas.\" width=\"300\" height=\"246\" srcset=\"https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC_2907editweb2-1-300x246.jpg 300w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC_2907editweb2-1-150x123.jpg 150w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC_2907editweb2-1-768x631.jpg 768w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC_2907editweb2-1-485x398.jpg 485w, https:\/\/m.randpc.com\/blog\/wp-content\/uploads\/DSC_2907editweb2-1.jpg 975w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Thinking about converting from oil to gas?<\/strong><br \/>\nAs New York City moves towards cleaner, renewable energy, Con Edison is introducing new high level incentives, up to <strong>$75,000 per building<\/strong>, to encourage customers to convert from oil to gas. Qualifying buildings should act quickly as the program has a finite budget, which is estimated to cover about 40 qualifying buildings. Con Ed also forecasts a shortfall in existing pipeline capacity by 2023 and recommends converting now, as they cannot guarantee there will be available gas capacity in the future.<\/p>\n<p><strong>How much can you receive?<\/strong><\/p>\n<ul>\n<li>Up to <strong>$50,000<\/strong> for the Oil to Gas Incentive; $500 per residential dwelling unit, and,<\/li>\n<li>Up to <strong>$25,000<\/strong> for an Energy Efficiency Equipment rebate (click <a href=\"https:\/\/randpc.com\/download_file\/1435\/\" target=\"_blank\" rel=\"noopener\">here<\/a> for the EE fact sheet); up to $5 per MBH (\u2264 5,000 MBH).<\/li>\n<\/ul>\n<p><strong>How to Qualify?<br \/>\n<\/strong>To qualify for the above rebates, a building must:<\/p>\n<ol>\n<li>Consist of 5-100 residential units<\/li>\n<li>Currently be on #4 oil for the last 12 months, or if on #2 oil, must be service-adequate<\/li>\n<li>Purchase and install a new gas-fired boiler with a minimum efficiency of 82% for gas-fired steam boilers and a minimum of 87% for gas-fired hot water\/condensing boilers.<\/li>\n<\/ol>\n<p>Building owners who do not purchase a new high efficiency boiler will not be eligible for either rebate, but can still secure available gas capacity and proceed with a regular gas conversion.<\/p>\n<p><strong>Additional Benefits<br \/>\n<\/strong>In addition to the above rebates, qualifying buildings may also be able to receive a\u00a0<a href=\"https:\/\/www.coned.com\/en\/save-money\/convert-to-natural-gas\/growth-plan\" target=\"_blank\" rel=\"noopener\" shape=\"rect\">free gas service connection<\/a>\u00a0from Con Edison.<\/p>\n<p><strong>Suggested Next Steps<br \/>\n<\/strong>If your building qualifies, the following timetable is recommended:<\/p>\n<ul>\n<li><strong>Early February:<\/strong>\u00a0Buildings should assess their possible internal conversion costs (e.g., whether the chimney needs to be lined, costs for new boiler, burner, etc.);<\/li>\n<li><strong>By mid\/late February:<\/strong>\u00a0Obtain building approval, secure funding, and hire an engineer\/plumber; and<\/li>\n<li><strong>March 1<\/strong><strong>\/early March:<\/strong>\u00a0Submit a new gas service request to Con Edison to convert, apply for any available incentives, and proceed with your oil-to-gas conversion in order to be on natural gas by October 2018.<\/li>\n<\/ul>\n<p>The incentive program launches\u00a0<strong>March 1<\/strong><strong><sup>\u00a0<\/sup><\/strong>and rebate incentive applications will be available at <a href=\"https:\/\/linkprotect.cudasvc.com\/url?a=http:\/\/www.coned.com\/gasconversions&amp;c=E,1,4LSXK6D4UU_gTLou08RP4lj193CYKsxsqUs5bfSQBqkI4zw_TxbfWXcGr45v6gjgfG6HcBIcRO0gNK_lapnU62RwYpMIwgigBXT55Fj4AV6CWa4,&amp;typo=1\" target=\"_blank\" rel=\"noopener\">www.coned.com\/gasconversions<\/a>.<\/p>\n<p>To read more about oil-to-gas conversions, visit RAND's <a href=\"https:\/\/randpc.com\/ask\/mep\/converting-oil-gas\">Ask the Engineer article<\/a>.<\/p>\n<hr \/>\n<p>Nzinga McBain is a Project Engineer on RAND's MEP and Energy Teams.<\/p>","protected":false},"excerpt":{"rendered":"<p>Thinking about converting from oil to gas? As New York City moves towards cleaner, renewable energy, Con Edison is introducing new high level incentives, up to $75,000 per building, to encourage customers to convert from oil to gas. Qualifying buildings...<\/p>\n <span class=\"read-more\"><a href=\"https:\/\/m.randpc.com\/blog\/new-oil-to-gas-conversion-incentives-up-to-75000-in-rebates\/\" class=\"more-link\" title=\"Read More\"><strong>Read more<\/strong><\/a><\/span>","protected":false},"author":13,"featured_media":5220,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83,126,45,127,7],"tags":[565,352,307,47,562,564,281,171,371,384,563],"class_list":["post-5212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boilers","category-con-ed","category-energy-efficiency","category-gas-conversion","category-categories","tag-boilers","tag-con-ed","tag-con-edison","tag-energy-efficiency-2","tag-gas-conversions","tag-inventives","tag-oil-to-gas","tag-oil-to-gas-conversion","tag-rand","tag-rand-engineering-architecture","tag-rebate"],"_links":{"self":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/posts\/5212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/comments?post=5212"}],"version-history":[{"count":1,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/posts\/5212\/revisions"}],"predecessor-version":[{"id":6784,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/posts\/5212\/revisions\/6784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/media\/5220"}],"wp:attachment":[{"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/media?parent=5212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/categories?post=5212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/m.randpc.com\/blog\/wp-json\/wp\/v2\/tags?post=5212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}