REPORT: The NY HEAT Act Would Secure Affordable, Clean Energy for New York Households
Analysis shows that NY households would cut their energy bills by over 44% and save an average of $136 a month
Data underscores the need to pass the affordability provisions of the
NY HEAT Act in this year’s state budget
Our latest report shows that if the full NY Home Energy Affordable Transition bill (NY HEAT Act) were passed in this year’s NYS budget, the 25% of New York residents who have high energy burdens would cut their bills by over 44% and save an average of $136 a month.
The report, released by NY Renews, a statewide coalition of over 370 environmental justice, faith, labor, and community groups, includes an analysis of potential savings for households in each region and county of the state, with dramatic implications for highly burdened households. Households with energy burdens above 6% are considered highly burdened.
Ninety-two percent of the households who would see bill reductions from NY HEAT are low or moderate-income. They would have their bills cut by 53% on average. In New York City, Queens and Staten Island would enjoy some of the highest savings in the state ($156 and $159 a month, respectively). Highly-burdened residents of the Bronx and Brooklyn would save an average of $135 and $139 every month.
Bill savings would be upwards of $160 a month in the Hudson Valley and Long Island due to the higher utility bills in those areas, which are 20-30% higher than the state average for highly burdened households.
Read the full NY HEAT report here.
