More than $1.2 million is available statewide to significantly improve energy efficiency and cost savings
April 01, 2014
The New York State Energy Research and Development Authority (NYSERDA) has announced that $1.2 million in funding is available to assist multifamily buildings with implementing heating improvement measures. The funding opportunity—made possible through the Regional Greenhouse Gas Initiative (RGGI)—applies to multifamily buildings that use oil and/or are on an interruptible gas service—often referred to as non-firm gas.
Many multifamily buildings that burn heavy oil, such as No. 6 and No. 4, must switch to cleaner fuels by 2030. Pursuing energy-efficiency measures while converting to alternative heating options enables building owners to realize additional benefits, including consistent and substantial energy cost savings.
Owners of eligible buildings can apply for incentives of $500 to $800 per unit through NYSERDA’s Multifamily Performance Program (MPP). This program, within NYSERDA’s Multifamily Energy Performance Portfolio, provides incentives to improve the energy performance of buildings by at least 15 percent.
Common measures can include:
- installing heating controls to sense and regulate temperatures
- installing burner and draft controls to increase boiler efficiency
- replacing steam traps to reduce leaks and increase comfort
- installing pipe and boiler insulation to reduce standby losses
- installing a separate hot water system for summer months to avoid firing a large boiler year round
Multifamily buildings that want to complete an oil-to-gas conversion could be eligible for funding from Energy Efficiency Portfolio Standard (EEPS).
Already a number of multifamily buildings have used RGGI funds to complete energy-efficient heating measures through MPP and have successfully achieved their energy improvement goals.
RGGI is the first innovative market-based mechanism in the United States to cap and cost-effectively reduce the carbon dioxide emissions that cause climate change. RGGI was the world’s first program to auction the emission credits (rather than give them away for free) and invest the auction proceeds in projects that conserve energy, save consumers money and support the transition to cleaner and more efficient production of electricity.
To learn more about how to apply for incentives through MPP, or locate a partner who can help start the process, visit: nyserda.ny.gov/multifamily.
NYSERDA, a public benefit corporation, offers objective information and analysis, innovative programs, technical expertise, and funding to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. NYSERDA professionals work to protect the environment and create clean-energy jobs. NYSERDA has been developing partnerships to advance innovative energy solutions in New York State since 1975. To learn more about NYSERDA’s programs and funding opportunities, visit nyserda.ny.gov or follow us on Twitter, Facebook, YouTube, or Instagram.
Last Updated: 07/15/2014