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.
Senator Sanders Introduces Geothermal Sales Tax Exemption Bill– NYS Senator James Sanders Jr. has introduced a bill to provide a tax exemption for the sale and installation of residential and commercial geothermal heat pump systems equipment. The bill, S642, would eliminate the NYS portion of the sales tax and give municipalities the option of eliminating their portion. This would parallel the exemption currently in place for solar equipment. The bill is currently in the Senate Budget and Revenue Committee. Sanders (D-10th) represents much of Southern Queens and is Chair of the Senate Banking Committee.
Residential Zero Energy (ZE) market: 27,900 Zero Energy Housing Units – The recently released TEAM ZERO 2019-2020 Zero Energy Residential Buildings Inventory shows the growth of the residential Zero Energy (ZE) market. Full article here from Green Builder.
The “Stranded Asset Dilemma” Clarified along with its Inequitable Implications for Ratepayers – Stranded assets can be a complex concept, but one with enormous consequences for the future of clean energy. The elimination of gas for space and hot water heating poses important challenges that that need to be addressed without delay. NY-GEO member Bob Wyman provides an understandable explanation of these challenges in his recently filed testimony for the Central Hudson Gas and Electric rate case. Thanks to Bob for his tireless support of our industry and thanks to NY-GEO Director of Operations JR Rath for this tip.
AWESome EarthKind Podcast: While we need to move to clean energy technologies to stop emitting carbon – we also need to effectively and cost-efficiently go “carbon negative” – and remove carbon out of the atmosphere. Nicole Lederer leads the Environmental Entrepreneurs (E2) in promoting policies to foster sustainable climate, energy, transportation, water, land use, agricultural practices, and technologies that advance a clean economy.. Listen to this AWESome EarthKind episode on your favorite podcast playing apps (Apple, Spotify, Google Podcast.) or visit the website at www.AWESomeEarthKind.com.