United States. New York Governor Andrew M. Cuomo announced that over the past four years, 112,000 residential and commercial energy efficiency projects have been completed or are currently under development through New York State clean energy programs.
These projects are expected to attract $766 million in private investment and save customers $341 million on their energy bills each year. Homeowners are saving an average of $56 per month on electricity and natural gas bills, and building owners are saving an average of $1,023 per month.
The 112,000 energy efficiency projects across the state include 90,000 individual homes and 22,000 commercial buildings, including apartment buildings, hospitals, schools, art galleries and office buildings. The projects are expected to reduce annual electricity demand by 2 million megawatt hours a year, the equivalent of enough electricity savings to power more than 275,000 average-sized homes. They are also expected to reduce annual demand for heating oil by 9 trillion BTUs, the warming equivalent of more than 85,000 average-sized homes.
In addition, the projects are expected to reduce greenhouse gas emissions by more than 797,000 metric tons a year, contributing to the state's progress toward its goal of reducing greenhouse gas emissions by 40% and decreasing energy consumption in buildings by 23% by 2030.