Business Incentive Rate
The Business Incentive Rate (BIR) is an energy discount program run by the New York City Economic Development Corporation (EDC) and Con Edison. The EDC can provide BIR benefits.
BIR benefits:
- Cut the delivery parts of electricity bills by 30 to 35 percent.
- Last for five to 10 years, with a five-year phase-out for customers with a 15-year term.
- Do not require an increase in employment to qualify.
- Length of the benefit depends on the customer's usage.
Requirements
To qualify, businesses must get state or local incentives and meet some of these requirements:
-
Be a manufacturer in New York City.
-
Have an energy efficiency survey.
-
Be approved for another City or State benefit, such as:
-
Apply within 30 days of applying for City or State incentives.
Exclusions
- Retail stores, like grocery stores, restaurants, franchises and chain businesses, cannot get the BIR benefit.
- Government entities cannot get the BIR.
Eligibility
Businesses moving into empty commercial or industrial buildings or new construction can apply through Con Edison. Not-for-profit groups in new or converted spaces for biomedical research, business incubators recognized by a government entity, or business incubator graduates that are still new businesses can also apply through Con Edison.
Contact information
To start the application process, contact Con Edison. For more information, contact the EDC.
- Retail stores, like grocery stores, restaurants, franchises and chain businesses, cannot get the BIR benefit.
- Government entities cannot get the BIR.
Eligibility
Businesses moving into empty commercial or industrial buildings or new construction can apply through Con Edison. Not-for-profit groups in new or converted spaces for biomedical research, business incubators recognized by a government entity, or business incubator graduates that are still new businesses can also apply through Con Edison.
Contact information
To start the application process, contact Con Edison. For more information, contact the EDC.