S T A T E O F N E W Y O R K
________________________________________________________________________
9086
2009-2010 Regular Sessions
I N A S S E M B L Y
July 27, 2009
___________
Introduced by M. of A. WALKER -- read once and referred to the Committee
on Energy
AN ACT in relation to creating a sustainable energy loan program in the
county of Nassau
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Legislative intent. The legislature hereby finds that: (a)
the county of Nassau intends to promote energy efficiency among resi-
dents and businesses within such county, including the promotion of
energy efficiency improvements and the utilization of renewable energy
sources in existing buildings within the county of Nassau;
(b) in order to address the issue of global climate change and green-
house gas emissions in the county of Nassau, such county has embarked
upon an effort to reduce energy demand from existing buildings so as to
have the county of Nassau meet statewide energy efficient goals. In
order to assist residents and businesses in the county of Nassau make
energy efficiency improvements more affordable and to promote the
installation and utilization of such improvements, it is necessary to
set forth a mechanism to finance the cost of such energy efficiency
improvements; and
(c) pursuant thereto, this act will help lower energy costs, reduce
greenhouse gas emissions and make energy efficiency and renewable energy
improvements more affordable by establishing a sustainable energy loan
program to assist homeowners and businesses within the county of Nassau
in the installation of distributed generation renewable energy sources
or energy efficiency improvements. Such loans to be offered by such
county shall be repaid over a period of time through an annual assess-
ment on the real property of the borrower.
S 2. Definitions. For the purposes of this act: (a) "Distributed
generation" shall mean the generation of energy close to the point of
use.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14529-01-9
A. 9086 2
(b) "Renewable energy source" shall mean the production of energy
through hydro, solar thermal, solar photo-voltaic, geothermal, biomass
or other renewable energy resources.
(c) "Energy efficiency improvement" shall mean an installation or
modification that is designed to reduce energy consumption in residen-
tial or commercial properties.
S 3. Sustainable energy loan program. (a) The county of Nassau at its
discretion shall establish a sustainable energy loan to homeowners and
businesses for the financing of the installation of distributed gener-
ation renewable energy sources and/or energy efficiency improvements
that will be permanently affixed to the property of the borrower.
(b) Such loans shall only be available to owners of improved residen-
tial and commercial properties that are undergoing capital improvements
or upgrades.
(c) The loans issued by the county of Nassau pursuant to this program,
shall be repaid by the borrower through an assessment levied by such
county on the real property where the sustainable energy loan was
applied. Such assessment shall be included annually within such coun-
ty's real property tax bill which is transmitted to the borrower until
repaid in full.
(d) The aggregate amount of each sustainable energy loan provided by
the county of Nassau shall not exceed the actual cost of the equipment
and materials necessary for the installation of distributed generation
renewable energy sources or energy efficiency improvements, including
the installation costs of such equipment.
(e) Assessments levied pursuant to this section, including any inter-
est and penalties, shall constitute a lien upon the parcel of real prop-
erty for which the loan is made.
S 4. Necessity. The county of Nassau declares that this legislation is
necessary for the immediate protection of the public interest and for
the implementation of the energy efficiency and greenhouse gas reduction
plans of the county of Nassau and the state of New York.
S 5. This act shall take effect immediately.