This bill requires New York State agencies to consider specific climate criteria when purchasing banking services (like bond underwriting and depository accounts) from large banks ($100B+ in assets). It mandates that banks must disclose all greenhouse gas emissions, report their clean energy financing ratio, ban coal projects, phase out fossil fuel investments, and have a net-zero plan by 2050 to qualify for state contracts. The law takes effect in 2027, with agencies to evaluate these criteria as part of "best value" decisions for banking services. The bill directly affects large financial institutions seeking state business, aligning procurement with New York's climate goals.
Permits and encourages state owned parking facilities to install solar canopies in any parking garage, open parking lot or other parking facility owned and/or operated by the state of New York, that offers parking spaces for the purposes of public use, state employee use or pay-per-usage constructed prior to January 1, 2030; requires such installation after January 1, 2030.
Establishes a chief sustainability officer to coordinate efforts across state agencies and other state government entities to address climate change mitigation and climate sustainability efforts.
Requires on-bill financing be an option for certain energy efficiency services; requires the disclosure of on-bill financing prior to the sale of real property.
Enacts the "New York state green new deal for public housing act", which commissions a study to assist the state of New York in reaching its climate goals.
Authorizes the department of public service to develop, implement, administer and operate a temporary middle income home energy assistance program; makes an appropriation therefor.
Provides that credits for excess electricity generated by customer-generators subject to net energy metering by an electric corporation or the Long Island power authority may be carried over indefinitely and used against any charges imposed by an electric corporation or the Long Island power authority when the customer-generator uses more electricity than such customer generates; provides for the accounting of credits once every 5 years and the electric corporation or Long Island power authority shall reimburse the customer-generator for the accumulated credits.
Enacts the "low-carbon building construction act"; relates to requiring construction of any building, addition or renovation greater than 25,000 square feet meet certain standards intended to reduce the embodied carbon emissions associated with the construction.
Ensures energy services companies are subject to the same consumer protection regulations regarding unclaimed deposits and refunds currently facing utility companies.
This bill removes sales and use tax on zero-emission school buses and all parts or equipment needed to operate them. It directly affects school districts purchasing these buses by lowering their upfront costs. The tax exemption covers the buses themselves and any required components, such as charging systems or maintenance parts. This policy change makes zero-emission school buses more affordable for public school systems.
