Dip in Energy Prices Plus Energy Efficiency = Savings

Dip in Energy Prices Plus Energy Efficiency = Savings

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NEW YORK, NY — All New Yorkers got the benefit of declining energy prices in 2015, but 28,300 Con Edison customers found an additional way to save money: they got rebates from the utility for making energy-saving upgrades.

Those customers received $44 million in incentives from Con Edison for upgrades that included lighting, HVAC equipment, building management systems and other improvements.

Con Edison’s energy efficiency programs provide multiple benefits to New Yorkers. The upgrades customers made last year prevent the emission of 111,800 tons of carbon into the air annually. In terms of greenhouse gas emissions, that’s the equivalent of taking more than 23,500 cars off the road.

“Our customers know a good deal when they see one and our energy efficiency programs are an incredible value,” said Vicki Kuo, Con Edison’s director of Energy Efficiency. “We work with customers every day to help them make upgrades that lower their electric and gas usage.”

For a small business, reducing energy costs means more money for the bottom line or to invest in workers, product or other area. More than 5,300 small business customers received $23 million in incentives last year.

Find information about all of Con Edison’s energy efficiency programs here: http://www.coned.com/energyefficiency/. The company offers programs for residential, multi-family, small business, and large industrial customers. Since 2009, the company has provided $236 million in rebates to 250,000 customers.

For 2016, the company has made several enhancements to its programs. The company will give customers $75 for buying eligible high-efficiency refrigerators, $50 for dishwashers, $35 for clothes washers and $20 for dehumidifiers.

With air conditioning season only a few months away, the company will help residential customers with $30 rebates for eligible room ACs.

Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $46 billion in assets. The utility provides electric, gas and steam service to more than 3 million customers in New York City and Westchester County, New York. 

Consolidated Edison, Inc. has been recognized for its environmental performance by the U.S. Environmental Protection Agency, the U.S. Department of Energy and other organizations. For additional information, visit www.conEd.com.