Eleven Geothermal Projects Planned For NYC

March 1, 2002
Ten companies and institutions on Long Island, and one in the borough of Queens, NY, plan to install geothermal heating and cooling systems in the near future. The systems are expected to save a total of $200,000 per year in energy costs. The projects will reduce peak electrical use by about 500 kW while cutting total energy use by approximately 1.4 million kWh per year — enough to power about 175 homes.

The combined projects will earn almost $1 million in rebates from the Long Island Power Authority’s (LIPA’s) Clean Energy Initiative. The five-year initiative provides rebates and incentives to residential and commercial customers to save electricity, and helps promote the development and use of clean energy alternatives such as fuel cells and wind, solar, and geothermal energy.

Publication date: 03/04/2002