The New York State Energy Research and Development Authority (NYSERDA) has made $36 million available through two new initiatives aimed at increasing energy efficiency of commercial buildings.
The programs are available to many properties including office towers, universities, hospitals, and retail stores — which are some of the state’s biggest energy users. The two programs are estimated to cut energy bills of participating buildings by more than $200 million over eight years.
About $30 million is available through NYSERDA for Real Time Energy Management to support the use of advanced technologies to help building owners fine-tune their building’s energy systems, identify capital projects to cut energy costs, and reduce operations and management costs by an expected 5% to 25%.
NYSERDA plans to make $6 million available to building owners and their tenants to improve energy efficiency in leased office spaces. These areas typically consume 40% to 60% of a building’s total energy use.
Companies that design and build energy efficient office spaces for their employees can anticipate paying an average of 30% less for energy than they would pay in a typical office space.
Related Stories
Legislation | Mar 18, 2022
New framework to help site community solar projects released
The Solar Energy Industries Association (SEIA) released a new report to aid policymakers in siting community solar projects.
Codes and Standards | Mar 17, 2022
Dept. of Energy seeks input on building-integrated photovoltaic systems
The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) and Building Technologies Office (BTO) recently issued a request for information to gather input on technical and commercial challenges and opportunities for building-integrated photovoltaic (BIPV) systems.
Legislation | Mar 16, 2022
Weak federal commercial real estate rules will hamper seizing Russian assets
Lax disclosure regulations that have made the U.S. a global hot spot for money laundering via real estate holdings will make it difficult for officials to seize properties from Russian oligarchs.
Codes and Standards | Mar 15, 2022
First company awarded Fitwel Certification in Senior Housing for Occupant Health & Wellness
The Springs at Greer Gardens in Eugene, Ore., is the first property to earn a Fitwel global health certification under the newly created senior housing scorecard.
Codes and Standards | Mar 10, 2022
HOK offers guidance for reducing operational and embodied carbon in labs
Global design firm HOK has released research providing lab owners and developers guidance for reducing operational and embodied carbon to meet net zero goals.
Codes and Standards | Mar 7, 2022
Late payments in the construction industry rose in 2021
Last year was a tough one for contractors when it comes to getting paid on time.
Codes and Standards | Mar 7, 2022
Massachusetts proposed energy code changes don’t ban gas
Proposed changes to the Massachusetts energy code would provide incentives for builders to fully electrify buildings, but not impose a ban on natural gas hookups.
Codes and Standards | Mar 4, 2022
Construction industry faces a 650,000 worker shortfall in 2022
The U.S. construction industry must hire an additional 650,000 workers in 2022 to meet the expected demand for labor, according to a model developed by Associated Builders and Contractors.
Codes and Standards | Mar 4, 2022
FAA offers $1 billion in grants for airport terminal and tower projects
The Federal Aviation Administration (FAA) is now accepting applications for about $1 billion in grants for airport projects during fiscal year 2022.
Codes and Standards | Mar 1, 2022
Engineering Business Sentiment study finds optimism despite growing economic concerns
The ACEC Research Institute found widespread optimism among engineering firm executives in its second quarterly Engineering Business Sentiment study.