This month, the New York State Energy Research & Development Authority (NYSERDA) revealed their $30 million “Buildings of Excellence” competition recognizing low- and zero-carbon emitting buildings. Alicia Barton, president and CEO of NYSERDA, announced the competition during the “Buildings of Excellence” Launch here at BE-Ex.

Championed by the office of New York Governor Andrew Cuomo, the “Buildings of Excellence” competition is a novel effort to encourage the construction and operation of carbon-neutral (or low-carbon emitting) multifamily buildings. NYSERDA will award up to $30 million in financial incentives to eligible projects over the course of three rounds, with a maximum of $1 million per project.

To qualify, submitted projects are required to demonstrate energy-efficient and cost-effective building strategies that have the potential to achieve broad-based adoption by both developers and consumers. The initiative is key to Governor Cuomo’s broader carbon neutrality goals, which will require a significant increase in energy-efficient new construction and retrofit projects.

BE-Ex will host an “Buildings of Excellence” exhibit highlighting the competition’s first round of winners, expected in the fall of 2019.

For more information on NYSERDA’s “Building of Excellence” program, click here.