New York Provides $16 Million for Energy Efficient Housing
Program projected to generate total savings of $180 million for housing owners and tenants
ALBANY, N.Y. — Gov. Andrew M. Cuomo of New York has announced the availability of $16 million through the New York State Energy Research and Development Authority (NYSERDA) to support the design and construction of new energy-efficient housing and to complete similar improvements in existing buildings across New York state. Improvements in energy efficiency, particularly in the construction of new homes and apartment buildings, is a critical component of the governor’s Clean Energy Standard, which requires 50 percent of the state’s power to come from renewable sources by 2030. Homes and buildings that take advantage of this support are projected to see annual energy cost savings of more than $9 million and total lifetime savings of as much as $180 million, as well as improved household comfort and IAQ.
“Ensuring New York’s buildings are constructed to the highest standards of energy efficiency is crucial to both our long-term sustainability and prosperity of the state,” said Cuomo. “Smart choices about efficiency can simultaneously save money and protect the environment. This investment promotes that principle in order to build healthy communities and save consumers hundreds of millions of dollars.”