Studying the feasibility of electrifying existing buildings.

A Local Law to amend the administrative code of the city of New York, in relation to studying the feasibility of electrifying existing buildings.

This local law would amend previously enacted local laws to add a study of building electrification in New York City. As part of the building electrification study this local law would consider regulatory barriers to building electrification; lack of both customer awareness and workforce familiarity with electrification, costs for property owners, time frames for electrification consistent with state and local greenhouse gas reduction goals and an assessment of the renewable energy sources that would be needed to meet any increase in demand caused by the electrification of existing buildings. The study shall also consider equity and access to inclusive financing for property owners as well as tenant protection from property rental increases.