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New York unveils $12M heat recover initiative to fight climate change

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  • Staff Report 

Governor Kathy Hochul has announced a $12 million Heat Recovery Program aimed at advancing New York State’s building modernization. This initiative is part of the state’s broader strategy to meet its Climate Leadership and Community Protection Act goals, which include slashing greenhouse gas emissions by 85 percent come 2050. The program targets retrofit and decarbonization projects in existing buildings, promoting the reuse of heat as a means to conserve energy and curb fossil fuel dependence.

This investment seeks to propel the adoption of heat recovery technologies across New York, which Governor Hochul asserts will reduce building operation costs and foster healthier living environments. The New York State Energy Research and Development Authority (NYSERDA) will manage the program, offering up to 75 percent cost-sharing for project assessments and implementation plans, with particular focus and increased funding for low-to-moderate income multifamily housing projects.

NYSERDA’s President, Doreen M. Harris, highlighted the Heat Recovery Program’s role in improving energy efficiency and promoting new decarbonization technologies. With buildings being a major source of emissions, New York State has allocated over $6.8 billion towards building decarbonization, with aims to reduce on-site energy consumption equivalent to the power needs of 1.8 million homes by 2025. The initiative is part of New York’s ambitious climate plan, which includes significant investments in renewable energy, clean transportation, and targets for a zero-emission electricity sector by 2040.