Central Hudson at risk of depleting funds
The state Public Service Commission on June 22 approved $25 million for a Central Hudson program to expand the use of heat pumps.
Under its Clean Heat Program, Central Hudson offers up to $2,000 in rebates to customers who replace fossil-fuel heating with ground-source pumps and up to $1,000 for the installation of air-source heat pumps. Because of demand, the program risked running out of money by mid-June, according to the commission.
More than half, $13.5 million, will be reallocated from the utility’s energy-efficient budget, another $4 million from unspent funds and $1.7 million in accrued interest. Central Hudson is required to spend an additional $6 million if needed, said the commission.
