New York's Cooperative and Condominium Community

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HOW NYC CO-OPS/CONDOS SAVE ENERGY

Energy is one budget item that NYC co-ops and condos can lower, and the articles here will give you ideas on how to do that. Plus, New York City has passed an ambitious set of laws that requires buildings to reduce their carbon emissions over the next decade, and all buildings will have to comply. For co-ops and condos, this means taking action now.

City Council passes new legislation allowing co-ops and condos to apply for tax breaks for major building renovations.

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Donald Trump's looming second term as president is already chilling renewable energy.

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Co-ops and condos have an opportunity to showcase high-efficiency cold-climate heat pumps thanks to a $10 million NYSERDA initiative.

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Replacing electric baseboards with heat pumps is a win for shareholders and the planet.

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An 11-story Upper West Side co-op is installing heat pumps in the basement to generate domestic hot water, reducing emissions and taking pressure off the aging boiler, with the help of The Folson Group.

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205 Hicks St. in Brooklyn Heights has replaced an aging oil-fired boiler with energy-efficient electric heat pumps, eliminating carbon emission penalties and providing shareholders with comfortable heating and cooling, while also saving money on electricity.

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Cabrini Terrace, a 217-unit co-op in Manhattan's Hudson Heights, has restored their original steam heating system to its former glory, shaving 15% off the building's gas usage, and is exploring further ways to lower their penalty exposure.

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Two Charlton Owners Corp. has implemented a three-pronged strategy to enhance energy efficiency, including submetering, electrical room modernization, and EV charging installations, which have generated cost savings and additional revenue streams.

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Installations have generated $9.2 billion in private investment and created 14,000 jobs.

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The Clinton Hill Cooperative in Brooklyn has slashed its gas use by 50% since 2017, thanks to energy efficiency upgrades such as steam trap replacements, window replacements, smart radiator covers, and a combined heat and power system, all paid for out of the co-op's capital reserves without the need for an assessment.

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Ask the Experts

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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