$14.5 Million Made Available in Incentives for Building High Energy Efficient Homes
August 31, 2011
The New York State Energy Research and Development Authority (NYSERDA) relaunched the New York ENERGY STAR® Homes Program, making available $14.5 million in incentives for building new homes that are significantly more energy efficient than required under the New York State Energy Conservation Construction Code.
New York ENERGY STAR Homes use less energy, lower costs to consumers, reduce emissions, improve comfort and increase home durability. The program is for newly constructed homes, including single-family houses, 2- to 4-unit residences, townhomes or patio homes, and low-rise, multi-unit residential buildings for uses such as senior or family housing, assisted living residences, apartment-style student housing and others. A New York ENERGY STAR home generally costs 1%-3% percent more to build than a standard home, but is approximately 18% more energy efficient than an average home meeting state code standards.
"Energy efficiency is the most effective strategy for decreasing energy consumption," said Francis J. Murray Jr., president and chief executive officer of NYSERDA. "Many developers across the state are already building above code, so additional costs to meet New York ENERGY STAR Homes' standards can be minimal."
For more information, read the August 23 NYSERDA press release.