New York just found a way to save residents $151 million on energy costs

Governor Kathy Hochul has announced a major energy affordability win for New Yorkers.

New York residents will receive $151 million in energy bill savings in 2026 through the state’s Zero-Emissions Credits program, which stem from federal nuclear production tax credits.

“My top priorities are energy affordability for New York consumers and making sure the lights stay on,” Hochul said in a statement. “The Zero Emission Tax Credit program is a prime example of how the state was able to take a federal tax credit and turn it into needed energy savings for ratepayers while at the same time supporting clean and reliable electricity generation in the state.”

The New York State Public Service Commission established the ZEC program in 2016, which compensates four Upstate nuclear plants for their