Low Cost of Oil Causes NYSERDA to Boost Wood Heating Incentives

The New York State Energy Research and Development Authority (NYSERDA) increased levels of support through Renewable Heat NY for high-efficiency, low-emission wood heating systems.

NYSERDA is increasing the levels of state support in response to market changes. It says the price of oil is down 25 percent since Renewable Heat NY was launched in July 2014, and the new support levels will further stimulate adoption of more efficient wood heating systems that are cleaner than their predecessors and support economic development. The new levels of support will be available for applications received by September 30, 2016 and will then be reassessed in light of market conditions.

Renewable Heat NY funding for large commercial pellet boilers will increase to cover 40 to 45 percent depending on the system specifications. In addition, Renewable Heat NY will provide funding for pollution control on eligible boilers at K-12 schools and healthcare facilities.

Renewable Heat NY is an initiative of Governor Cuomo’s Reforming the Energy Vision (REV).

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