Establishes an exemption from taxation for energy-related public utility real property related to attaining state climate goals; provides that such exemption shall remain in effect until it is retired or removed from service.
This bill prohibits utility companies from terminating residential electricity or heat service during forecasts of extreme temperatures - specifically when the National Weather Service predicts 95°F or higher (heat index) or 32°F or lower. It directly affects residential customers in New York, preventing service cutoffs on the day of such forecasts or during any subsequent holiday or weekend. Key provisions require utilities to maintain service during these periods and align with existing cold-weather protections for vulnerable residents. The law applies immediately upon enactment and does not override stricter existing utility settlements.
Requires the New York state energy research and development authority conduct a study on the feasibility, storing and transferring of hydrogen energy to residential and commercial structures in cities and towns with a population greater than twenty thousand.
S 2470 provides a tax abatement for electric energy storage equipment placed in service between January 1, 2027, and January 1, 2029. It directly affects property owners or businesses installing qualifying energy storage systems during that window by offering a 10% tax break on eligible equipment costs, capped at $62,500 annually. The abatement is limited to the lesser of 10% of installation costs, the annual property tax bill, or the $62,500 cap. This policy aims to incentivize adoption of energy storage systems by reducing upfront financial barriers during a specific two-year period. The bill passed the Senate in May 2025 and is now in the Assembly for review.
Directs the state energy planning board to conduct a study on time frames for replacing or upgrading battery energy storage systems at renewable energy facilities in preparation for clean energy storage and distribution across the state.
Requires battery energy storage system owners and operators to demonstrate compliance with workforce reliability standards as a condition of state financial assistance; extends prevailing wage requirements and whistleblower protections to operations and maintenance employees at covered battery energy storage systems; directs the public service commission to promulgate implementing regulations; and requires a periodic review of implementation.
Requires the chair of the public service commission create rules, regulations, policies, and procedures for the creation of a resilient electric vehicle charging system pilot program to provide power through an extended outage.
Establishes the natural carbon sequestration research program to develop innovative science-based solutions to facilitate sequestration of carbon in New York's natural and working lands; provides funding for such program.
Establishes the green affordable pre-electrification program to assist owners and tenants in residential properties in curing structural and building code defects which render the properties ineligible for improvements or projects relating to energy savings, green-house gas emissions reductions, climate change adaptation and resiliency project grants.
Requires the establishment of a renewable hydrogen incentive program to support the production, processing, delivery, storage, or end use of hydrogen in New York for the purpose of meeting the greenhouse gas emissions goals of the climate leadership and community protection act (CLCPA).
