The New York State Energy and Research Development Authority (NYSERDA) today announced that $1 million is available to large real estate portfolio owners – such as real estate developers, colleges and universities, retailers, public sector agencies, and other private, public, or non-profit entities – for support with developing energy performance standards and institutional mechanisms to enable the design, construction and operation of net zero buildings across their statewide portfolios. Net zero energy buildings consume no more energy, on an annual basis, than they produce onsite through renewable energy technologies. Today’s announcement supports Governor Andrew M. Cuomo’s ambitious goal to reduce greenhouse gas emissions 40 percent by 2030.
Alicia Barton, President and CEO, NYSERDA said, “As we move toward achieving Governor Cuomo’s energy goals, encouraging large private, public and non-profit entities to pursue net zero energy performance early in the design process is critically important to reducing greenhouse gas emissions from our building stock. Lowering harmful emissions through net zero energy performance buildings results in cleaner communities and helps protect the environment – a win-win for all.”
This Net Zero Energy pilot program is part of NYSERDA’s comprehensive approach to support the design and construction industry as it moves to net zero energy and net zero carbon construction, renovation and operations. Designed to help developers embrace net zero initiatives, the program will help support advanced high-performance building development methods and technologies while creating a group of leading institutions that publicly commit to adopting these cutting-edge practices. To spur net zero energy performance across the state, NYSERDA, on a first come first served basis, will provide each approved applicant with a maximum amount of $250,000 towards technical guidance to be provided by a consultant with expertise in net zero building design and construction. Approved applicants will also receive help with identifying other NYSERDA programs that can offer additional financial and technical assistance for the construction projects themselves. Those businesses and institutions awarded funding will serve as an example for others to follow by demonstrating the technical feasibility and cost-effectiveness of net zero buildings.
Approximately 100 million square feet of new construction is built per year in New York State. Once a building is constructed it is in operation for about 50-100 years, and it becomes much more expensive to execute significant energy saving measures after a building is already built. Therefore, it is essential to incorporate energy efficient measures as soon as possible during the initial predevelopment, design and construction of new buildings.
Currently, a significant portion of construction does not meet the current New York State Energy Conservation Construction Code (ECCCNYS), let alone more advanced efficiency standards. This creates a significant opportunity to achieve substantial energy savings over the business as usual approach that will last for several decades. This pilot program will support the new construction industry in building and demonstrating cost-effective net zero construction techniques that can be used help justify the adoption of codes with higher performance goals and ultimately, to achieve a net zero energy code in the next 15-25 years.
Funding for this program is part of the state’s 10-year, $5.3 billion Clean Energy Fund. More information about this funding is available on NYSERDA’s website.
About the Clean Energy Fund
The 10-year, $5.3 billion Clean Energy Fund (CEF) is a core component of New York State’s Reforming the Energy Vision strategy to achieve a clean, resilient and affordable energy system for all New Yorkers. The CEF includes a focused effort to bring more clean energy opportunities and benefits to low- to moderate-income communities and is designed to deliver on New York State’s commitment to accelerate the use of clean energy and energy innovation and drive economic development, while reducing ratepayer collections. NY Green Bank, a core component of the CEF, has generated $32.6 million in positive net income as a result of $457.5 million in investments in clean energy transactions across New York. Its $1 billion NY-Sun initiative has already helped facilitate a more than 1,000 percent increase in solar deployment since 2011. The CEF supports New York’s ambitious Clean Energy Standard requiring 50 percent of the state’s electricity to come from renewable energy sources by 2030.
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.