NYSERDA Pledges $16M in Efficiency Funding
50% of New York's power to come from renewable sources by 2030
ALBANY, N.Y. — New York Gov. Andrew Cuomo recently 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 residential houses and apartment buildings, are critical components of the governor’s nation-leading 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 indoor air quality.
“Ensuring New York’s buildings are constructed to the highest standards of energy efficiency is crucial to the state’s long-term sustainability and prosperity,” 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 heating and cooling; and balanced ventilation systems; energy-saving appliances and lighting; high-performance windows and doors; and renewable energy technologies.
“Building more efficient homes supports Governor Cuomo’s innovative REV strategy while significantly improving consumer choice and energy affordability,” said John Rhodes, president and CEO, NYSERDA. “By making these types of investments, New York continues to ensure energy-efficient housing is attainable for all, including low- to moderate-income New Yorkers.”
Publication date: 9/26/2016