Though it looked earlier in the week as if it might be something of a nail-biter, the New York State Senate ultimately passed a landmark energy efficiency and green jobs bill late last Thursday.
The implications of the bill, which has already passed the state Assembly and appears likely to be signed by the governor, might seem profoundly local. But like similar endeavors quietly unfolding across the globe, the New York legislation aims at one of the most intractable barriers to curbing global greenhouse gas emissions: inefficient buildings.
Among other things, the bill would enable state energy regulators to loan out funds to cover the upfront costs of improving the energy efficiency of a home or business — as much as $13,000 for residential customers and as much as $26,000 for qualifying businesses. The loan would then be paid back through monthly deductions culled from the energy savings arising from the retrofit.
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