The New York State Energy Research and Development Authority (NYSERDA) has $16 million available to support the design and construction of new energy-efficient housing and to complete similar improvements in existing buildings across New York state.
State officials said 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 both our long-term sustainability and prosperity of the state,” said Gov. Andrew 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.
Officials said 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.
