“We’re going to be the first state in the nation to advance zero-emissions new homes and buildings,” Hochul said.
But some key details have not yet been finalized. Hochul also indicated she expects the deal to include rebates to consumers as part of a cap-and-trade initiative for emissions, but a detailed agreement hasn’t been reached on that issue.
The Assembly initially proposed a requirement for the state’s Public Service Commission to review the ability of the electric system to support new buildings, although it was not clear how that would function because the requirements for reliable service already enshrined in state law. The later date — starting Dec. 31, 2028 — is also expected to apply for commercial buildings and those over 100,000 square feet, Hochul spokesperson Katy Zielinski said.
“What we’re doing is setting up a mechanism to be able to allow for rebates that we generate with a cap and invest program,” Hochul said. “We think that is the important first step, because we couldn’t do it under existing law.”
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