New York, NY – March 13, 2013 – (RealEstateRama) — The New York State Senate today passed legislation sponsored by Senator George D. Maziarz (R-C, Newfane) that would help encourage the installation of renewable energy technologies by making them more cost efficient and accessible.
The bill (S1111) would add solar, wind, fuel cells, micro-hydro-electric, farm-based biogas and residential Micro Combined Heat and Power (micro-CHP) to current state financing initiatives that help make energy efficiency upgrades more attractive to potential consumers, reduce fossil fuel consumption, and support job growth in the clean energy sector.
“Renewable energy technologies are an extremely important part of New York State’s energy future,” said Senator Maziarz, Chairman of the Senate Energy and Telecommunications Committee. “The addition of these technologies provides residents, local businesses and not-for-profits accessibility to these energy alternatives that they might otherwise have not invested in. The use of these innovative energy sources will then provide increased energy savings, which in turn would lead to job retention and creation throughout New York State. I am proud to be the sponsor of this legislation that will help many consumers and businesses alike.”
“Adding renewable technologies to the programs available through the state’s existing low-cost financing programs is good for our environment and our economy,” Senate Republican Leader Dean Skelos said. “More consumers would find options like solar and wind power cost effective, which would then lead to increased energy savings, continued growth of the clean energy industry here in New York, and the creation of new jobs.”
Currently, the Green Jobs Green New York Program offers residential consumers, small businesses, and not-for-profits significant savings through low-cost energy audits and financing for improvements. As of the end of 2012, more than 2,500 loans amounting to $24 million had been issued, but the program has been growing at about half the pace that was initially projected.
The bill passed today adds solar, wind, fuel cells, micro-hydro-electric, farm-based biogas and residential micro-CHP systems to the list of measures eligible for the Green Jobs Green New York Program’s low-interest loans or on-bill recovery – payment installment plan tied to the utility bill.
Adding the renewable technologies to the program would help reduce the front-end costs that may prevent consumers from investing in cost-effective energy saving installations. It would help boost the ability of solar, wind and other renewable energy companies to market their products and also help increase jobs to meet the growing demand for the systems.
The bill has been sent to the Assembly.
- NY PSC Approves $270M for Customer-Sited Renewable Projects
Latham, NY - March 29, 2010 - (RealEstateRama) -- On March 25 the New York Public Service Commission approved more than $279 million over a five-year period for customer- sited renewable energy projects as part of the state’s Renewable Portfolio Standard (RPS) program. ...
- Senator Robach Announces Funding For Renewable Energy Project At Monroe County Office Building
Rochester, NY – December 19, 2007 - New York State Senator Joseph E. Robach, joined by County Executive Maggie Brooks, announced today that Monroe County will receive a $56,000 grant for a Solar Photovoltaic (PV) system at the Monroe County Office Building in Rochester. Senator Robach said, “As we continue to search for alternative sources of [...]...
- Swig Equities Purchases Renewable Green Energy for Commercial Portfolio in Manhattan’s FiDi Neighborhood
New York, NY - February 16, 2011 - (RealEstateRama) -- Kent M. Swig, President of Swig Equities, LLC, is pleased to announce that the firm has purchased clean, renewable energy for 80% of its commercial office buildings in Manhattan’s FiDi (Financial District) neighborhood. Swig Equities signed a one-year contract with Green Mountain Energy Company for the company to provide green...
- Gillibrand Introduces Solar Energy Legislation
Washington, DC - February 5, 2010 - (RealEstateRama) -- U.S. Senator Kirsten Gillibrand introduced legislation this week to encourage the installation of 10 million solar systems on the rooftops of homes and businesses over the next decade. ...
- Senate Passes Bill to Restore STAR Property Tax Rebate Checks
New York, NY - June 6, 2012 - (RealEstateRama) -- The New York State Senate today passed legislation, sponsored by Senator Kenneth LaValle (R-C-I, Port Jefferson), that would restore the STAR property tax rebate program. The bill (S7447) would provide $202 million in property tax relief to senior citizens in the 2012-13 school year and $1.2 billion in property tax...
- At Gillibrand & Schumer’s Urging, Feds Lift Restrictions for Hundreds of Sandy Homeowners Currently Disqualified for Disaster Aid
- New housing and services lift veterans in the Bronx
- NYU CUSP UNVEILS FIRST-OF-ITS-KIND ‘URBAN OBSERVATORY’ in DOWNTOWN BROOKLYN
- New York and Ohio to Use Uniform Mortgage Test; 43 State Agencies Now Using the Test
- House passes crucial job training legislation
- Tonko Statement on Housing for Undocumented Children
- NYCOM Conference, Ribbon Cuttings and Equity Fund Forum Highlight Trip to Finger Lakes Region
- CKX Declares December 31st Record Date for Dividend of FX Real Estate and Entertainment Shares
- Jones Lang LaSalle Hires Seasoned Industrial Real Estate Professionals to Strengthen Client Services in Long Island
- First Affordable Housing Development in Brooklyn with Solar Panels
- “Green” Forum Highlights 545 Madison Avenue as Showcase of Sustainability
- New York State Senate Confirms Bill Myers to the Board of the State of New York Mortgage Agency
- New York State home sales continue to post gains compared to 2009
- Gillibrand Introduces Solar Energy Legislation
- HDC Board Approves $55.5 Million in Tax-Exempt Multi-family Housing Revenue Bonds
- Diversity Works’ Unique Model Combines Permanent Supportive Housing and Family Preservation Services