Brightcore Energy Advocates for the Creation of New Incentive Program for Geothermal Conductivity Tests
Incentive to Reduce the Cost of Geothermal Conductivity Test for Commercial Customers of Con Edison
ARMONK, N.Y., March 19, 2024--(BUSINESS WIRE)--Brightcore Energy, LLC, a leading provider of end-to-end renewable energy solutions to commercial and institutional markets, is pleased to announce that an incentive program that the company petitioned for and subsequently supported Con Edison in creating has been approved. The Thermal Conductivity Testing ("TCT") Incentive program becomes a part of Con Edison’s Clean Heat Program and will offset the eligible costs of Geothermal Conductivity Tests by 50%, up to a maximum incentive of $40,000.
Brightcore executives saw the opportunity to approach Con Edison with the idea for the test well incentive program to help reduce the pre-development costs for potential clients considering a geothermal heating and cooling system. Geothermal Heating and Cooling systems have the potential to greatly reduce the energy and resulting greenhouse gas emissions required to heat and cool buildings. In New York City alone, nearly 70% of GHG emissions are the result of heating and cooling the built environment.
"I’m quite proud of our team for recognizing an opportunity here to offset a potential barrier to entry for our clients and increase the adoption of geothermal heating and cooling systems. We pride ourselves on the intellectual capital that our team brings to our clients, and this is clear evidence of that," said Mike Richter, President of Brightcore Energy.
Among other requirements, applicants must submit a pre-testing application package. Con Edison will review the pre-testing application package to determine eligibility, after which Con Edison will provide written confirmation of eligibility to the applicant. After testing has been completed, the Participating Clean Heat Contractor must submit a post-testing application package. Con Edison will then review the post-testing application to determine the final incentive.
About Brightcore Energy
Brightcore Energy, LLC., based in Armonk NY, is a leading provider of integrated, end-to-end clean energy solutions to the commercial and institutional markets. Services include high-efficiency heating and cooling systems (geothermal) for both new construction and existing building retrofits, commercial-grade solar, LED lighting and controls, energy storage, electric vehicle (EV) charging stations, smart building solutions, and other emerging technologies. Brightcore’s turnkey, end-to-end solutions encompass preliminary modeling, feasibility & design, financing & incentive guidance, construction & implementation, and system performance monitoring. Visit www.BrightcoreEnergy.com to learn more.
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Contacts
Brightcore Energy LLC
Michael Tracy
VP, Marketing
914-719-6027
michael.tracy@brightcoreenergy.com
