NY State Geothermal Tax Credit & Sales Tax Exemption Bills on Gov Cuomo’s Desk

The following comes from Bill Nowak, Executive Director of NY-Geo, Please Act:

Governor Cuomo has called the geothermal tax credit (S2905) and sales tax exemption (S4279) bills to his desk. He has until Friday, November 20th to sign them or veto them. It is our understanding that we probably won’t find out until the 20th.

WE DO NOT HAVE AN INDICATION OF WHAT HE’LL DO AND HE NEEDS TO HEAR FROM YOU TODAY.

These bills fit NY State’s needs perfectly as they give the state a tool to lower greenhouse gas emissions and peak demand while cutting heating and air conditioning bills for New Yorkers.  At the same time the Governor has often vetoed bills that may impact state revenues when they are passed after the budget has been set (as these were). That means YOUR CALL can make the difference between success and failure on this initiative.

I’ve attached a few items that explain these bills, list advantages of geothermal heating and cooling, and document that the bills will have A minimal revenue impact.

Here’s the lowdown on calling the Governor:

Please take a quick minute today to leave a message with Governor Cuomo at (518) 474-1041. Ask him to sign S2905 (geothermal tax credit) and S4279 (geo sales tax exemption), both of which were passed unanimously by the legislature. We CAN move away from burning fossil fuels to heat our homes and buildings!

THE CALL IS EASY – YOU’LL BE ASKED IF YOU WANT TO LEAVE A MESSAGE (press 2) OR TALK WITH AN AIDE (press 3) – IT’S YOUR CHOICE.

If you speak with an aide they’ll just listen politely and ask for your zip code.

As you are probably aware, the 2015 New York State Energy Plan notes that 35% of New York’s fossil fuel greenhouse gas emissions come from “on-site combustion” – mainly heating homes and buildings by burning  oil, gas and propane.  We can eliminate these emissions by switching to geothermal heating and cooling, which uses the ground beneath us as a heat source in the winter and as a cooling heat sink in the summer.

In this year’s legislative session both the NY Senate and Assembly UNANIMOUSLY passed these bills to give geothermal heat pumps the same tax treatment as solar panels.

PLEASE DON’T DELAY – CALL TODAY – YOUR VOICE CAN MAKE A DIFFERENCE !!!

Put your message in your own words or go with this suggestion  “Please tell Governor Cuomo to support renewable energy by signing S-2905, the geothermal tax credit and S-4279, the geothermal sales tax exemption.  Geothermal heating and cooling will cut greenhouse gas emissions, create jobs, lower utility bills and cut peak demand”.

As always, to keep up to date with what’s new in HVAC technology and energy, visit our website at airideal.com and follow us on Twitter @airideal , LinkedIn and at our Facebook page!