Switchbox @switch.box · Jan 13 As a result, 46% of NY households—overwhelmingly low- and moderate-income ones—would be fully insulated from rising fossil fuel costs under a low price scenario. Another 40% would pay between $0-40 a month—assuming nobody reduces their fossil fuel use or switches to heat pumps / EVs. 13/14
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The state would have 2x revenue to invest under high price scenario compared to low. Crucially, we find most households would be protected under higher prices—45% would be completely insulated, and 26% would pay $40 or less / month. High income households would pay 0.4% of their annual income. 14/14