Bill > A06064

This bill amends the General Municipal Law to limit the municipal sustainable energy loan program exclusively to commercial entities, not-for-profit organizations, and other non-individual entities. Currently, the law allows municipalities to provide loans for renewable energy systems and energy efficiency improvements, but this bill removes the ability of individual property owners to access these loans. The legislation maintains the state's policy of promoting energy efficiency, reducing greenhouse gas emissions, and advancing a clean energy economy, but narrows the scope of who can benefit from municipal energy loans. The bill specifically eliminates previous provisions that allowed individual homeowners to borrow up to 10% of their property's appraised value or the actual cost of installing renewable energy systems and improvements. Instead, municipalities will now have the authority to set loan requirements based on factors like property value, projected savings, project cost, and existing property indebtedness, but only for commercial and non-individual entities. The changes aim to focus municipal sustainable energy loan programs on larger-scale and organizational energy efficiency efforts rather than individual residential improvements.

Agriculture and Natural Resources

https://www.nysenate.gov/legislation/bills/2025/A6064