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 for renewable energy storage systems. These systems, scaled to function as microgrids, will power housing owned by the New York City Housing Authority. The fund aims to support the implementation of state clean energy standards and beneficial electrification policies.
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