N.Y. Completed $88m of Energy Efficiency Projects in 2012
In 2012, the New York Power Authority financed and completed 83 energy efficiency projects at public facilities throughout the State of New York totaling more than $88 million in investment, Gov. Andrew M. Cuomo (pictured) has announced.
The upgrades will provide annual energy savings of $6.4 million to New York taxpayers. The projects will also reduce greenhouse gas emissions by nearly 34,000 tons a year.
In addition to the projects completed in 2012, NYPA invested $247 million for energy efficiency projects in various stages of development. That amount reflects a 68 percent increase in NYPA financing of ongoing energy efficiency projects compared to 2011. The governor says that the increase is indicative of significant energy savings in the pipeline for public facilities, including schools, universities, hospitals, and state and municipal buildings, and will serve as the springboard for the Build Smart NY initiative that is aimed at improving the state’s energy efficiency.
Each NYPA energy efficiency project results in energy, maintenance and operating savings that pay for the cost of the initiative. The total savings for each project exceed the cost of the upgrades over the lifespan of the improvements. Program participants repay NYPA’s financing costs by sharing the savings; after the costs have been repaid, participants retain all the savings.
In January, Gov. Cuomo issued an executive order directing state agencies to increase energy efficiency in state buildings by 20 percent in seven years.
At the time Cuomo also launched Build Smart NY, which will use state building energy data to prioritize projects that will deliver the greatest energy savings per dollar. The largest and most inefficient buildings will be addressed first and undergo comprehensive whole-building improvements such as new lighting fixtures and controls, HVAC systems, electric motors and automated energy management systems.
Earlier this month, the New York State Energy Research and Development Authority awarded $46 million for 76 large-scale solar projects totaling 52 MW of new capacity, as part of Gov. Cuomo’s NY-Sun Competitive PV Program. Awards have been made to 28 recipients to finance the 76 projects in 33 counties across the state. Installations will be located at businesses, factories, municipal buildings and other larger commercial and industrial companies, and are expected to be on line by the end of this year.
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