New York Puts Their Money Where the Energy Savings Is

logoThe Energy $mart New Construction Program in New York was launched in order to encourage buildings to incorporate energy efficient and renewable energy resources into construction and operation. A large variety of entities are eligible to become part of the program, including government facilities, non-profit organizations, health-care facilities, elementary and high schools, colleges and universities.

The NYSERDA (New York State Energy Research and Development Authority) is behind the program, which also allows agricultural, commercial, industrial/manufacturing, institutional and multi-family buildings over 5 units to participate.

The sum of $91 million has been allotted to conduct technical assessments of how efficient energy use can be utilized in a particular building’s design and structure. The money will also be used to compensate for the extra capital expenses required to purchase and install energy efficient equipment and devices, up to 75 percent.

There is also money available from the program for technical assistance, whole-building design, LEED projects and commissioning services. The program began on January 4, 2012, and will continue funding on a first-come, first-served basis until December 31, 2015.