Applications for NYSERDA High Performance Building Incentives Increase by More Than a Third During Same Period
July 16, 2011
Statistics released today by the New York State Energy Research and Development Authority (NYSERDA) show an increased number of commercial building projects pursuing high performance green building construction that will substantially lower their energy and operating costs and cut greenhouse gas emissions.
From January through May 2011, applications for NYSERDA high performance green building incentives are up 38 percent over the same five month period in 2010. Moreover, leads on new construction or substantially renovated high performance building projects are up 77 percent over the same period.
The spike in incentive applications and leads on new building projects is attributed to increased awareness and marketing of NYSERDA's New Construction Program by program partners as well as recognition by developers, building owners and tenants of the benefits for constructing or renovating energy-efficient, environmentally sustainable buildings. High performance, green buildings also are a competitive advantage when marketing to prospective tenants and customers, as they are healthy places to work, operate efficiently and have minimal impact on the environment.
According to the U.S. Environmental Protection Agency, commercial buildings account for 17 percent of total U.S. greenhouse gas emissions, spending $107.9 billion annually on energy. By reducing energy costs 10 percent, commercial buildings could save approximately $20 billion dollars annually, and reduce greenhouse gas emissions equal to removing 30 million vehicles from the road.
“Developers, architects and building design teams recognize the importance of green building practices and that, by partnering with NYSERDA early in the project design phase, they can realize significant long-term energy savings that cut operating costs and are good for New York's economy and our environment,” said Francis J. Murray Jr., President and CEO of NYSERDA. “Under the leadership of Governor Cuomo, NYSERDA will continue to support development projects that reduce the cost of doing business in New York and decrease energy consumption.”
High performance buildings are designed to optimize energy use through measures that reduce energy consumption and greenhouse gas emissions, and are constructed to environmentally sustainable building practices. They also include features that conserve water and improve indoor air quality.
Last year, NYSERDA partnered on 150 new construction projects statewide, ensuring that buildings constructed in New York State reflect the latest in energy efficiency techniques. These partnerships are helping customers reduce their operating costs by $9.7 million annually and decrease electricity consumption by 42 million kilowatt hours. The reduction in greenhouse gas emissions is equivalent to removing 3,000 cars from the road. NYSERDA provided $10.7 million in financial incentives to support these projects.
NYSERDA is the one-stop shop for credible, accessible information on energy efficiency and, through successful public-private partnerships across New York State, it plays an important economic development role, as it helps all energy consumers improve their bottom lines by reducing operating costs.
NYSERDA's New Construction Program provides assistance to incorporate energy efficiency measures and sustainable building practices into the design, construction and operation of new or substantially renovated buildings. Green building incentives also are available to customers pursuing LEED® certification from the U.S. Green Building Council.
For more information visit NYSERDA.ny.gov
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 their reliance on fossil fuels. NYSERDA professionals work to protect our environment and create clean-energy jobs. NYSERDA has been developing partnerships to advance innovative energy solutions in New York since 1975.
Last Updated: 01/21/2014