Switchbox @switch.box · Jan 13

This incentive program would cost the gov. $5-6B a year over the next decade. If fully funded, NYS would be installing ~300K heat pumps and weatherizing ~179K units a year, a 10x jump from today. The result: 46% of homes electrified by 2035 + the state on track to decarb buildings by 2050. 8/14

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Switchbox · Jan 13

Would NYCI generate enough $ every year to pay for all this? Yes, under high allowance price scenario (if added to IRA & existing state funds). Under low scenario, giving 1/4 of NYCI revenue to the program would cover 3/4 of its costs. Full funding would mean no $ for transport, workforce... 9/14