Below are G.E.T.’s top picks from NY-GEO’s weekly “Just-In” Newsletter. Just In! features three fresh news item summaries on the NY-GEO home page every Monday. NY-GEO members get the full newsletter, which includes an advanced look at the website articles, plus event listings and job openings and several bonus article summaries with links, usually on the Saturday before website publication.
NY Climate Panel Backs Gas Ban, Date Uncertain – POLITICO’s Marie French: “A key New York advisory panel plans to recommend a ban on fossil fuels in new construction and an eventual prohibition of gas or oil replacements of boilers and other equipment in existing homes, apartments and commercial buildings. The proposed recommendations by the housing and energy efficiency advisory panel were presented for public comment on Thursday. Buildings account for a large portion of the state’s emissions and are a challenging area to tackle given the age of building stock. Electrification is seen as a key step to support the state’s interim emissions reduction goal of 40 percent from 1990 levels by 2030 and net zero by 2050.” Full article is behind a paywall. The slide from the panel presentation is below.
NYSEG/RGE Announces Heat Pump Water Heater Incentives – See website announcement here.
Heat Pumps Increase Property Values – The highly respected Journal Nature Energy, in its January 2021 issue, published a study on the property value impact of switching to heat pumps for space heating. The lead paragraph states: “Electrifying most fossil-fuel-burning applications provides a pathway to achieving cost-effective deep decarbonization of the economy. Heat pumps offer a feasible and energy-efficient way to electrify space heating. Here, we show a positive house price premium associated with air source heat pump installations across 23 states in the United States. Residents with an air source heat pump enjoy a 4.5-7.1% (or US$10,400-17,000) price premium on average. Residents who are environmentally conscious, middle class and live in regions with mild climate are more likely to pay a larger price premium. We find that estimated price premiums are larger than the calculated social benefits of switching to heat pumps”. The study is titled Estimation of Change in House Sales Prices in the United States After Heat Pump Adoption. It focused on states in the Pacific, Mountain, South Atlantic and West North Central States.