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Business Incentive Rate

If your business receives economic incentives from the city, county, or state, you may qualify for special, reduced energy rates.

How It Works

Your business may qualify for reduced electric rates if you:

  • Reoccupy vacant commercial or industrial buildings
  • Move into a newly constructed building
  • Construct biomedical research facilities
  • Negotiate a comprehensive package of incentives from state or local authorities
  • Are designated as a business incubator
  • Graduated from a business incubator

To qualify, you must be receiving economic incentives from the city, county, or state—such as a substantial real property tax incentive from New York City or Westchester County—or participating in the New York City Energy Cost Savings Program. Your business may also require an energy efficiency survey.

You must apply for the business incentive rate within 30 days after you apply for state and local tax incentives or energy rebates.

Who is eligible?

  • Vacant Premises You can qualify if at least 75 percent of your building was unoccupied for 12 consecutive months out of the 24 months preceding the rate application.
  • New Premises Your building must be new construction and not an addition or extension to an existing building.
  • Existing Premises You must be receiving a comprehensive package of economic incentives from state or local authorities.
  • Not-For-Profit Institutions Must occupy newly constructed or converted space contained in new or renovated buildings where the space is solely or predominantly used for biomedical research and must receive a comprehensive package of incentives from state or local authorities.
  • Business Incubators Must be recognized by a government entity and/or receive funding from another entity with a mission that includes development of businesses in New York City or Westchester County.

Additional Rate Information

The money you save through the business incentive rate will be applied to the delivery portion of your bill. The electric rate delivery reduction ranges between 34% and 39%.

You may receive the business incentive rate for up to five, 10, or 15 years.

How to Apply

Complete your application, sign it, and send it to our Economic Development Manager by email or mail it to Con Edison, Economic Development, 511 Theodore Fremd Ave., Rye, NY, 10580. Include appropriate documentation proving your eligibility.

Complete Your Application

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