Establishes a revolving loan fund for renewable energy storage systems to power NYCHA housing.

The bill creates a revolving loan fund through the New York state energy research and development authority. This fund will provide zero-percent interest loans to the New York City Housing Authority (NYCHA) for financing renewable energy storage systems. These systems, which include solar energy systems and zero emission technology storage systems, are designed to function as microgrids. The bill also allows for the sale of excess energy back to the grid. The fund will be established subject to available appropriations.

Establishes a revolving loan fund for renewable energy storage systems to power NYCHA housing.

The bill creates a revolving loan fund through the New York state energy research and development authority. This fund will provide zero-percent interest loans to the New York City Housing Authority (NYCHA) for financing renewable energy storage systems. These systems, which include solar energy systems and zero emission technology storage systems, are designed to function as microgrids. The bill also allows for the sale of excess energy back to the grid. The fund will be established subject to available appropriations.