We compute the condensation energy in the spin-fermion model using Scalapin
o-White relation between the condensation energy and the change in the dyna
mical structure factor in the normal and the superconducting states. We sho
w that for parameters relevant to cuprates, the extra low-frequency spectra
l weight associated with the resonance peak in the dynamical structure fact
or in a superconductor is not compensated up to energies similar to J which
are much larger than the superconducting gap Delta. We argue that in this
situation, the condensation energy is large and well accounts for the data
for cuprates.