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.”
Approximately $8 million will be offered to housing developers and builders of low-rise housing, including single-family homes and multi-unit buildings generally three stories or less, through NYSERDA’s Low-rise Residential New Construction program. The other $8 million will be offered to housing developers and builders of mid- and high-rise housing, generally multi-unit buildings of four stories or more, through NYSERDA’s Multifamily New Construction Program.
Approximately 75 percent of the entire $16 million in funding is designated for housing for low- to moderate-income residents, who are most vulnerable to high energy cost burdens and whose homes are often especially susceptible to the impacts of extreme weather.
Both programs support the incorporation of energy efficiency measures, such as increased insulation and improved air sealing; high-efficiency HVAC systems; energy-saving appliances and lighting; high-performance windows and doors; as well as renewable energy technologies.
This funding is being made available through NYSERDA’s Clean Energy Fund, a 10-year, $5.3 billion program to support clean energy market development and innovation. This fund is a major component of the governor’s Reforming the Energy Vision (REV) strategy to build a clean, resilient, and affordable energy system for the state.
In addition to providing direct funding support, NYSERDA will identify and promote the use of collaborative techniques among housing development, design, and construction teams to ensure that cost-effective design and proper construction of efficient homes is replicated throughout the state. The programs will also work to increase awareness and demand for zero net energy buildings, which are designed to produce as much energy as they use. These activities will support recent state initiatives to spur higher-performing affordable housing construction.
Applications to both the Multifamily New Construction Program and the Low-rise New Construction Program will be accepted for qualified projects through Dec. 29, 2017, or until the funding is exhausted. More information on the Multifamily and Low-rise Residential New Construction Programs is available at www.nyserda.ny.gov/newconstruction-res.
Publication date: 8/19/2016