NY awards $40 million in stimulus funding for energy conservation projects
March 2nd, 2010 - 2:06 am ICT by BNO NewsALBANY, NEW YORK (BNO NEWS) – New York state awarded $40 million in American Recovery and Reinvestment Act (ARRA) funds to public schools, municipalities, universities, hospitals and other non-profit agencies to support 118 energy conservation projects, Governor David Paterson announced on Monday.
“These funds will provide public and non-profit entities with critical resources needed to make long-term investments that will reduce their energy costs and save taxpayers money. These projects will invigorate the State’s economy, heighten the demand for clean renewable technologies, and help put New Yorkers to work in the clean energy economy,” Governor Paterson said.
The energy efficiency, renewable energy and clean fleet projects will reduce energy and operating costs by $13.5 million annually and will fully return the investment in seven years. The projects represent the second round of funding. The next round, expected for later this year, will allocate the remaining $8.8 million.
The projects will provide the installation of lighting and lighting controls, heating, cooling and controls, building envelope, photovoltaic systems, high efficiency biomass boilers, solar thermal, small wind generators and alternative-fuel refueling stations and vehicles.
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Tags: alternative fuel, arra, bno, building envelope, clean energy, critical resources, david paterson, energy conservation projects, energy costs, energy economy, energy efficiency, high efficiency, lighting controls, news new york, profit agencies, profit entities, reinvestment act, renewable technologies, small wind generators, term investments