The New York City Housing Authority paid-out a whopping $1,973 per apartment unit to upgrade pre-existing lighting fixtures; raising serious new doubts over the ‘Green New Deal’ and its demand that every single building in America convert to higher energy standards.
“The Green New Deal that Democrats unveiled last week has a grand ambition to eliminate fossil fuels in 10 years, retrofit every building in America, and guarantee high-paying jobs in the bargain. If you want to see how that works in the real world, consider the public housing projects near Rep. Alexandria Ocasio-Cortez’s New York office,” writes the Wall Street Journal.
“Under Nycha’s Project Labor Agreement, electricians make $81 in base pay and $54 in fringe per hour, and overtime is usually time and a half. Add administrative and contracting expenses. All in, Nycha paid an average of $1,973 per apartment to install LEDs,” adds the report.
The lower energy bills associated with the LED bulbs would ultimately take over two-decades to pay for itself at that staggering price point.
Read the full report here.