Commercial, Energy Efficiency, Energy Storage, GHG Emissions  -  November 1, 2023

Governor Hochul Announces $12 Million Heat Recovery Program

New York Governor Kathy Hochul announced a $12 million Heat Recovery Program to modernize buildings in New York State, focusing on decarbonization and retrofit projects that reuse heat to save energy and reduce fossil fuel use in buildings.

The practice of heat recovery, which is recuperating wasted heat and reusing it directly or storing it for later,  represents a promising approach to building decarbonization.

“New York’s robust statewide decarbonization efforts are bringing forward innovative and replicable approaches to lowering building emissions and combating climate change,” Governor Hochul said in a statement. “Through this new initiative using heat recovery, we will help increase the adoption of heat recovery solutions, make building operations more affordable, and promote a healthier living environment for more New Yorkers across the state.”

Administered by the New York State Energy Research and Development Authority (NYSERDA), this open-enrollment funding is available to projects in existing commercial, multifamily, institutional, and industrial buildings in New York State. 

For awarded projects, NYSERDA will provide up to a 75% cost share, with maximum awards of $40,000 for the production of heat recovery opportunity assessments and $80,000 for the development of design and construction plans for heat recovery projects. 

Heat recovery projects will include the capture and transfer of rejected heat to lower the energy used by other systems, such as heat rejected and captured from cooling and dehumidification, ventilation exhaust, or wastewater processes.

Low-to-moderate income multifamily housing is eligible for up to 100% cost share, and NYSERDA will dedicate $3 million of the total funding exclusively for projects in low-to-moderate income multifamily housing buildings.

The improvement of energy efficiency in buildings and advancement of installations of onsite storage, renewables, and electric vehicle charging equipment will reduce New York’s carbon pollution and achieve its ambitious target of reducing onsite energy consumption by 185 TBtu by 2025.

Share this valuable information with your colleagues using the buttons below: