Let $G$ be a graph with vertex set $V(G)$ and edge set $X(G)$ and consider the set $A=\{0,1\}$. A mapping $l:V(G)\longrightarrow A$ is called binary vertex labeling of $G$ and $l(v)$ is called the label of the vertex $v$ under $l$. In this paper we introduce a new kind of graph energy for the binary labeled graph, the labeled graph energy $E_{l}(G)$. It depends on the underlying graph $G$ and on its binary labeling, upper and lower bounds for $E_{l}(G)$ are established. The labeled energies of a number of well known and much studied families of graphs are computed.
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