New York Offers Incentives to Homebuyers, Builders to Go Green
Published: August 31, 2007
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By Kelly Sheehan, Online News Editor
New York—Two initiatives to promote the construction of green
homes in New York were recently announced by First Lady Silda Wall
Spitzer and David D. Brown, executive director of the Dormitory
Authority of the state.
In an effort to encourage homeowners to incorporate simple energy
reduction features into their homes, new legislation will offer
incentives to homeowners to integrate environmentally friendly
practices when building or renovating homes. The amount of the
incentive will be based on the size of the home, with a cap of $10,000
per home. This money will help offset the additional costs associated
with green building.
Earlier this year, Governor Eliot Spitzer unveiled his “15 x
15” plan to reduce energy use by 15 percent from forecasted
levels by the year 2015, through new energy efficiency programs.
“Buildings are part of the problem of climate change, but
they can also be part of the solution if they meet a higher standard
for environmental sustainability,” says Spitzer. “This
legislation offers an economic incentive to everyday New Yorkers who
would like to make their homes energy efficient, but are concerned
about higher construction costs. The incentive will help defray these
upfront costs, which will yield significant energy and cost savings for
the homeowner in the long-term. By working together and making smart
building decisions, New York State and New Yorkers can achieve reduced
energy consumption, decrease our carbon imprint, and save consumers
money.”
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