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Gov. Cuomo Launches Program To Increase Energy Efficiency By 2020

New York Gov. Andrew Cuomo (credit: Governor's Office)

New York Gov. Andrew Cuomo (credit: Governor’s Office)

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ALBANY, N.Y. (CBSNewYork/AP) – Gov. Andrew Cuomo has issued an executive order directing state agencies to increase energy efficiency by 20 percent over the next seven years.

The plan to have state buildings more energy efficient by 2020 will be aided by $450 million in low-cost financing from the New York Power Authority.

“Improving energy efficiency in our buildings is a smart investment in our present and future,” Cuomo said in a release. “Through Build Smart NY, state government can produce significant savings for New York taxpayers and generate thousands of jobs, while reducing greenhouse gas emissions by more than eight million metric tons – which is the same as taking one million cars off the road for one year. Furthermore, most of the projects will pay for themselves as their energy savings will cover their costs, making this initiative a financial and environmental win-win for New Yorkers.”

According to the governor’s office, most projects will require no capital spending upfront, with agencies expected to repay loans through energy savings.

The administration says it has an implementation plan that will set project priorities based on energy savings per dollar spent, expected to address the most inefficient buildings first.

The order also applies to public authorities and commissions where Cuomo appoints the leadership.

The April 1, 2020, energy goal is 20 percent below average energy use of those buildings in fiscal 2010-2011.

(TM and Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)