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Rggi Success Apr2012

Rggi Success Apr2012

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Published by Jon Campbell

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Published by: Jon Campbell on Apr 20, 2012
Copyright:Attribution Non-commercial


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New York’s investments in clean energy arehelping homeowners save money on theirutility bills while reducing the state’s share o thepollution that is changing our climate.Te Regional Greenhouse Gas Initiative(RGGI), created to reduce global warmingpollution rom power plants in the Northeast,has become the linchpin o New York’s cleanenergy strategy, helping consumers useenergy more eciently and accelerating thedeployment o renewable energy technologies.Trough September 30, 2011, New York hasraised $345 million rom auctioning RGGIallowances, or carbon dioxide credits. Morethan $32 million in RGGI dollars is currently helping homeowners reduce their electricbills and invest in weatherization and energy conservation measures, such as sealing air leaks,installing insulation, energy ecient windows,and doors, and mounting solar panels. RGGIinvestments are also encouraging New Yorkersto install more ecient heating and waterheaters. And there’s more money in the pipeline.As a result o these investments, New Yorkerswill save $46 million on their energy bills whileadding value to homes across the Empire State,based on inormation provided by the NewYork State Energy Research and DevelopmentAuthority (NYSERDA).Tis report is the second in a series abouthow RGGI is beneting New Yorkers and theeconomy.
Reducing Pollution &Stimulating the Economy 
New York is one o several states participatingin the nation's rst market-based eort to capclimate-altering pollution rom power plants.Te Regional Greenhouse Gas Initiative (RGGI)was designed to reduce carbon emissions rompower plants, but it has the added benet o supporting investments that will help consumersbecome more energy ecient and promote theuse o renewable energy. In brie, RGGI is helpingreduce pollution and stimulate the economy.Te initiative has operated successully or morethan three years.
Success by the Numbers
uture economic benetsclean energy investmentsprojects in the pipelineprojected utility bill savings orNew Yorkers over 10 yearsCO
reductions (equivalent totaking 3,000 cars o the road)
$1.2 Billion +$32.8 Million$109 Million$46 Million17,874 Tons
RGGI Helps New York Homeowners ConserveEnergy, Reduce Pollution & Save Money 
RGGI at Home
EmPower New York 
EmPower New York helps low-income New Yorkers cut energy costs by unding energy eciency improvementssuch as insulation, blower-door assisted air sealing, and heating systems repair and replacements.o date, NYSERDA has invested more than $550,000 o a planned $3,000,000 toward energy education, energy audits, and on-the-spot energy eciency upgrades in low-income households. Tese investments are anticipatedto save hundreds o dollars a year or those hit hardest by energy prices.For example, a couple in Greeneld Center cut their energy bills in hal aer installing a new boiler andimproved insulation through EmPower New York. Te average annual savings or program participants in theprogram are 125 gallons o oil and approximately $500. A amily in Watertown used EmPower resources to addinsulation to their attic, seal doorways, install a programmable thermostat, reduce air leakage rom recessedlights, repair a bathroom vent, and vent the clothes dryer. Te amily estimates they will save approximately $670a year in the cost o home heating oil.
Green Residential Building Program
Financial incentives are also being provided to owners o new homes and existing residential buildings that havebeen renovated to reduce energy use by up to 30 percent.Altogether, 81 projects have received $427,000 in RGGI monies with resulting electricity savings o more than300,000 kilowatts and over 4,500 Million Metric British thermal units (MMBtu) in natural gas savings annually.Over 10 years, this represents more than $620,000 in utility bill savings.For example, in Rochester, a home builder who has completed more than 20 RGGI-unded projects built newhomes 30 percent more ecient than conventional new home construction thanks to incentives rom the GreenResidential Building Program. Te homes received the National Green Building Standard Programs “GoldStandard,” and eature continuous ventilation systems, tankless water heaters, and highly ecient urnaces.
RGGI Investments by Program
EmPower New York – $557,029
Green Residential Building – $427,567
Home Performance – $96,417
Multifamily – $2,221,648
Solar Thermal – $255,294
Solar PV – $10,635,951
Green Jobs New York – $18,606,902
RGGI: Clean Energy, Clean Air & Economic Growth for New York – 2

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