Bill > S01986

This bill extends the time period that school districts are guaranteed to recover costs from energy performance contracts from 18 to 25 years. An energy performance contract is a financing mechanism where an energy efficiency contractor implements improvements to a school's infrastructure (such as lighting, heating, or insulation systems) and is paid back through the monetary savings generated by those energy-efficient upgrades. Currently, school districts have 18 years to recoup these contract costs through the energy savings achieved by the improvements. The proposed legislation would increase this recovery period to 25 years, potentially giving schools more flexibility in managing these long-term energy efficiency investments. By allowing a longer timeframe for cost recovery, the bill aims to make energy performance contracts more financially feasible and attractive for school districts looking to upgrade their facilities and reduce energy expenses.

Budget and Finance, Education

https://www.nysenate.gov/legislation/bills/2025/S1986