>The news conference was on Eastern Parkway in Brooklyn, where lights have already been replaced, expecting to save more than $70,000 and nearly 248,000 kilowatt-hours a year in energy. Unlike standard lights, which last six years, LED bulbs can burn for 20 years before they need to be replaced, the administration said, and the project is expected to save $14 million a year in energy and maintenance costs. […]

“People tend to like them,” she said. “It’s clear. It’s bright. It really does a good job in providing fresher light.” The project is estimated to cost $76.5 million.

The project is the first to receive financing through the Accelerated Conservation and Efficiency initiative or “ACE,” the administration said, a $100 million competitive program that the Department of Citywide Administrative Services created to expedite such sustainability projects.<