Homebuilders in New York can now take advantage of money-saving incentives when they build more energy-efficient homes. The New York State Energy Research and Development Authority (NYSERDA) announced $14.5 million in incentives through its New York Energy Star Homes Program.
Energy Star homes use less energy, reduce emissions, increase home durability and cost less for consumers to maintain. According to sources, building an Energy Star home can typically cost 1 to 3 percent more than a standard home, but is 18 percent more energy efficient. The state-wide incentives are a way to reduce energy consumption while also addressing health issues from indoor air pollutants cost-effectively.
Incentives are available for newly constructed homes, including single family houses, two and four-unit residences, town homes, multi-unit residential buildings and apartment-style student housing. Incentives total $1,250 for homes built in upstate New York and $1,500 for homes built in the five counties of New York City,Westchester County or certain parts of Long Island. An additional $500 affordable housing incentive is also available to homeowners whose household income is equal to or less than 80 percent of state or area median income.
The New York Energy Star Homes Program first launched in 2001. Currently, there are 19,221 Energy Star Homes across the state, with 1,291 built so far in 2011. The incentives will be available to homebuilders until year’s end.