News
New Pilot Project Could Cut Heating Bills in Half
Cornell Cooperative Extension (CCE) of Tompkins County and Ithaca Neighborhood Housing Services (INHS) are launching a pilot program to retrofit 24 homes in Tompkins County. The "24 House Project" aims to demonstrate the benefits of energy efficiency and biomass heating in houses that heat with liquid propane gas (LPG) or heating oil. The program will combine energy efficiency work - insulation and air sealing - with the installation of a pellet stove.
CCE and INHS staff will guide participating homeowners through every step in the process. Starting with an energy audit, certified contractors will identify the biggest potential energy savings. CCE and INHS staff will help participants apply for existing state and federal incentive programs and finance the remaining cost through a 5-10 year loan with a 3% interest rate.
The loan payments are structured so that homeowners' payments are less than what they are saving through the program, so all participants will experience a net positive cash flow. In addition, each homeowner will be eligible for a $500 rebate on the cost of the pellet stove.
Once the retrofit work is done, CCE will monitor fuel use and overall costs of heating in those 24 homes over the next two years. CCE projects that most homeowners who participate in the pilot project will experience as much as a 50 percent reduction in their heating bills.
Next TCCPI Meeting
Friday, August, 27 2010
9:00 - 11:00 am
Tompkins County Chamber of Commerce
904 East Shore Drive
Ithaca, NY 14850
If you have any agenda items, please submit them by August 20. For details, call (607) 229-6183.
General meetings are on the last Friday of every month.