Bill > S01668

This bill amends the New York Public Authorities Law to authorize the New York State Energy Research and Development Authority (NYSERDA) to create and administer a new grant and loan program aimed at helping homeowners transition from propane or fuel-oil heating systems to more energy-efficient electric heat pumps. The program would provide financial assistance to cover the costs associated with switching heating systems, which may include not just the heat pump installation but also related energy efficiency improvements. Heat pumps are advanced heating and cooling systems that can be more environmentally friendly and potentially more cost-effective than traditional fossil fuel-based heating methods. By offering grants and loans, the bill seeks to incentivize residential energy system upgrades that could reduce greenhouse gas emissions and improve home energy efficiency. The program would be funded through existing authority resources, and the specific standards and guidelines for grants and loans would be established by NYSERDA. The bill is set to take effect immediately upon passage.

Agriculture and Natural Resources, Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S1668