Bill > S03476

This bill establishes the "Bucks for Boilers" program, a comprehensive initiative to support the transition of housing units from fossil fuel-based heating systems to electric heat pumps and other high-energy efficiency upgrades. The program creates a dedicated fund that will provide financial assistance to residential building owners and renters across different income levels, with a priority focus on disadvantaged communities and low-income households. Specifically, the bill provides full-cost funding for low-to-moderate income households, 80% funding for medium-income households, and 50% funding for high-income households to convert their heating and cooling systems to zero-emissions equipment. The program includes provisions to protect tenants, such as prohibiting rent increases and evictions related to energy efficiency upgrades, and requires landlords to extend tenant leases for at least five years after completing improvements. Additionally, the bill mandates that work on state-owned properties prioritize training and hiring formerly-incarcerated individuals and establishes guidelines to ensure that energy cost savings are passed on to tenants. The legislation also sets future deadlines for prohibiting high-emission heating systems in existing buildings, with restrictions beginning in 2029 for buildings under seven stories and expanding to all buildings by 2034, supporting New York's broader climate and clean energy goals.

Transportation and Infrastructure

https://www.nysenate.gov/legislation/bills/2025/S3476