NATIONAL OILHEAT RESEARCH ALLIANCE

Heating oil efficiency and upgrade: in 2024, the alliance granted or expended $880,723 for the heating oil efficiency and upgrade program, including $19,144 in national spending of past year's assessments revenue. The alliance also budgeted $58,500 in additional national spending from 2024 assessments revenue to be spent subsequent to year-end for the heating oil efficiency and upgrade program, making the total for 2024, 17 percent of net assessments revenue after deducting the amount added to net assets unavailable for obligation until october 1, 2028. Additionally, unallocated state rebates of 2024 assessments revenue will be used for the heating oil efficiency and upgrade program.

Unallocated state rebates: in addition to the specific program commitments discussed previously, the alliance has committed $508,395 to state organizations, which is 9 percent of net 2024 assessment revenue after deducting the amount added to net assets unavailable for obligation until october 1, 2028, for state rebates that had not yet been allocated to a program specified in public law 115-334. The alliance plans to allocate these state rebates to the research, development, and demonstration and/or heating oil efficiency and upgrade programs. State organizations develop detailed plans for use of the rebates to do work under these programs. These funds will be allocated between programs in accordance with the requirements of public laws 113-79 and 115-334 as discussed previously.