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Ortt-Ryan Geo On-Bill Financing Signed Into Law
BUFFALO – December 11, 2017, New York State Assemblyman Sean Ryan and New York State Senator Robert Ortt announced the passage of their new law allowing geothermal heating & cooling systems to be included in New York’s On-Bill Recovery Financing Program.
The On-Bill program was created by the Power NY Act of 2011. This program, administered by the New York Energy Research and Development Authority (NYSERDA), allows homeowners, small businesses and not-for-profits to finance energy efficiency improvements through a charge on their utility bill.
NYSERDA provides a low-interest loan to finance the improvements, and the repayment amount is based on projected savings on the user’s energy bill. This program allows building owners to invest in energy efficiency improvements without having to pay the upfront costs.
The legislation (A.7117/S.0688) passed the New York State Assembly and Senate, and was recently signed into law by Governor Cuomo. It takes effect on January 1, 2018.
Assemblyman Sean Ryan said “New York has been a leader in advancing the use of clean renewable energy, and cutting carbon emissions. Geothermal energy systems are a great way for homes and businesses to lower their energy costs, and lower the reliance on fossil fuels. Installing a geothermal energy system can be expensive, but there is now a new way New York State can help. Allowing homeowners, small businesses, and not-for-profits to install geothermal systems as part of the On-Bill program will be an easy way to expand the use of this clean, energy efficient technology.”
Senator Rob Ortt (R,C,I,Ref-North Tonawanda) said “I am proud to be the sponsor of legislation that not only creates a cleaner and more environmentally safe New York, but one that makes going green affordable for our state’s residents. While the expense of ‘going green’ may be a deterrent for many, Assemblyman Ryan and I were able to use previous legislation and creatively incorporate new geothermal technology into existing law. I am confident that this legislation will allow more homeowners and small-businesses to become environmentally friendly, while also saving money each month on their energy bill.”
Senator Patrick M. Gallivan said “Allowing geothermal operations to receive funding under the Public Authorities Law will help level the playing field and will foster the continued growth of geothermal technology. Supporting these industries is not only good for our economy, it is good for our environment.”
Bill Nowak, Executive Director of NY-GEO said “Once again Sean Ryan and Robert Ortt have come through for their constituents. Thanks to them and to Governor Cuomo for this important legislation that gives New Yorkers an alternative to crippling fossil fuel prices. Geothermal systems are generally less expensive over their life than other heating and cooling systems. However, the bulk of the cost comes at installation and that's often hard for people to afford. Low-interest, long-term, on-bill financing is the key to bringing this most comfortable and efficient heating system within reach for most homeowners.”
Who we are...
NY-GEO is a nonprofit trade association dedicated to geothermal heating and cooling. Our 70 founding members include geo designers, installers, manufacturers, drillers consultants and distributors, interested in promoting the use of ground-source heat pumps to heat and cool buildings in New York State.
Why Geothermal ?
There is no doubt that geothermal heat pumps (GHPs)* represent a heating and cooling technology that is essential for us to meet the challenges of the 21st Century. The following benefits clearly make the initial capital costs an investment in the future of our local and global communities:
We have made significant progress in the past few months to create a state-wide organization focused on raising the visibility and understanding of the geothermal heat pump technology (ghp). As stakeholders, we're sure you will agree that the process of gaining an understanding of all the features and benefits associated with ghp results in a genuine excitement about the technology.
We appreciate your support and encourage you to return often to our web site as we will be going through many changes as the organization gains momentum in the marketplace. Please feel free to contact us for any reason regarding geothermal heat pumps.
* Also known as "ground source heat pumps", "geo-exchange systems" or "low temperature geothermal"
Pictures from the 2017 Conference :
PSC Chair Audrey Zibelman's
2017 TOP JOB Award Winner:
Buffalo Geothermal's Lockport Housing Authority Installation
2016 Conference Feedback