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In New York State Budget, Bright Spots for Electric Vehicles and Clean Heating

Posted by Savannah Gribbins on May 9, 2025
 New York’s newly passed 2026 budget positions the state to capture the economic benefits of electrified transportation and building decarbonization 
 

ALBANY, NY –  The New York State Legislature has passed its 2026 budget, including provisions that prioritize cost-saving clean energy policies that will drive investment, minimize cost to New Yorkers, and modernize the grid. The budget delivers key clean energy investments, funding electric school buses, expanded electric vehicle (EV) charging, and efforts to decarbonize buildings across the state. 

“Policymakers are seizing an opportunity to grow New York’s advanced energy leadership by making critical investments in electric vehicle and clean building infrastructure. These investments are putting New York on a path to long-term savings,” said Kristina Persaud, New York Policy Lead at Advanced Energy United. “With smart investments in cutting edge technologies, lawmakers are making clean energy more affordable, more reliable, and more accessible to communities across the state. With the future of smart federal tax cuts in doubt, New York is making moves to move the clean energy transition forward.” 

This year’s budget accelerates clean energy adoption by allocating: 

  • $200M for supercharging New York’s Electric Vehicle Policy including: 
    • $50 million for EV fast charging, 
    • $50 million for Charge Ready, and 
    • $100 million for electric school buses. 
  • $450M for Building Decarbonization including: $200 million for thermal energy networks, $40 million to support municipal clean heating projects and, $50 million for EmPower Plus, delivering energy upgrades for low-income households. 
  • An increase to the geothermal heating and cooling tax credit, up to $10,000 per system, and increasing accessibility to more taxpayers regardless of tax liability. 

Topics: Press Releases, Electric Vehicles, Electric school buses, New York, Kristina Persaud, Building Electrification