Search
Programs & Services

Financial Incentives

Several financial incentive programs are available to qualifying businesses:

New York Economic Development Rate (EDR)

Orange & Rockland offers a special incentive rate to qualifying electric customers locating to — or expanding within — our New York State service territory. This incentive is designed to help ease the cost to customers who are making major relocation or expansion decisions. The basic elements of the program are:

  1. An application must be submitted PRIOR to signing a lease or purchasing a property. State the anticipated date on which a lease will be signed, or the closing of sale.
  2. Provide suitable documentation that Applicant has qualified for and will receive a comprehensive package of economic incentives conferred by the local municipality or state authorities including substantial financial assistance or a substantial tax incentive program designed to maintain or increase employment levels in the service area.
  3. Customers must construct a new building, purchase or lease an existing building that's been vacant for three months or expand an existing building.
  4. New or expanding customers must add 65 kilowatts (kW) of separately metered monthly electric usage to the O&R electric system.
  5. It provides a 20% discount off the electric delivery portion of the rate to qualified commercial and industrial customers for five years.
  6. Customers must operate under a qualifying North American Industry Classification System (NAICS) code.

    Qualifying customers are classified by the NAICS as Manufacturing (Sector 31-33), Wholesale Trade (Sector 42), Transportation and Warehousing (Sector 48-49), Information (Sector 51), Finance and Insurance (Sector 52), Real Estate, Rental and Leasing (Sector 53), Professional, Scientific and Technical Services (Sector 54), Management of Companies and Enterprises (Sector 55), Administrative Support, Waste Management and Remediation Services (Sector 56).

  7. Customers must obtain an energy efficiency audit performed by either NYSERDA or by an independent qualified energy efficiency firm under the Company's Small Business Direct Install or the Commercial & Industrial programs (this requirement applies only to customers who are purchasing or leasing an existing building).

For more information about this program or to receive an EDR application, please contact Deborah Patterson or Toni Graziano.

New Jersey Job Development Rate

In New Jersey, Rockland Electric Company offers a Job Development Rate (JDR) to qualified electric customers relocating or expanding within the Rockland Electric Company service territory. In order to qualify for the rate, the following requirements must be met:

  1. An application must be submitted PRIOR to signing a lease or purchasing a property. State the anticipated date on which a lease will be signed, or the closing of sale.
  2. Provide suitable documentation that Applicant has qualified for and will receive a comprehensive package of economic incentives conferred by the local municipality or state authorities including substantial financial assistance or a substantial tax incentive program designed to maintain or increase employment levels in the service area.
  3. Customers must construct a new building, purchase or lease an existing building that's been vacant for three months or expand an existing building.
  4. The space must be at least 7,500 square feet and require no additional investment to serve the new load.
  5. The customer's overall employee count must grow.
  6. It provides a 20% discount off the electric delivery portion of the rate to qualified commercial and industrial customers for five years.
  7. Customers must operate under a qualifying North American Industry Classification System (NAICS) code.

For more information about this program or to receive a JDR application, please contact Deborah Patterson or Toni Graziano.