A think tank producing rigorous, accessible data for advocates, policymakers, & the public.
Clarity and perspective
on state climate policy.
- Decarb nearly 1/2 of homes by '35
- Lower bills, more comfort
topline results
- $1.5-$3B for community-led investment
- $16-33B for transport, comm. buildings, workforce training
- Rebates to 83% of households, 46% fully insulated from cost increases
There's been a lot of focus on the "cap" part, especially on costs.
cap & invest
We looked at the "invest": the tangible benefits that could flow to communities from well-spent program revenue.
allowance price scenarios
CA
WA
EU
REVENUE scenarios
'22 Bond Act
NYSERDA '25 Budget
spending package
Resi decarb
~350K heater replacements a year
~350K heater replacements a year
100% must be heat pumps after 2030
What upfront incentives are needed for that to happen?
what upgrades?
How many homes save right away with heat pumps?
How many need to weatherize first?
Savings?
upfront cost?
proposed incentives
As needed, cover cost of:
- heat pump premium
- weatherization
- repairs
Up to:
- 6 year payback for middle / high income
- 3 year payback for low / moderate income
How much will it cost?
HOw much is covered?
proposed rebate program
Impact of higher fossil fuel prices depends on where you live!
proposed rebate program
Higher rebates for:
- LMI households
- Households in higher energy
cost counties
- Higher allowance prices
Full rebate 60% AMI, ramps down until no rebate at 180% AMI
IMPACT OF rebates
IMPACT OF rebates
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New York Cap-and-Invest Report
By Juan-Pablo Velez
