HABITAT
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.
Tax credit, coupled with other city, state and federal incentives, can cover most solar costs.
Steam Traps at The Cezanne Save Energy, Eliminate Emissions
Written by Emily Myers on August 21, 2024
The Cezanne co-op in the West Village has successfully eliminated carbon emission penalties until 2035 by installing new heating controls for the boiler, replacing the vacuum pump, and installing new steam traps, which have reduced the building's annual emissions by 149 metric tonnes.
A bill seeks to reduce fines and trim costs of carbon-cutting retrofits.
Co-ops and Condos Get a Much Needed Guide to LL97 Compliance
Written by Emily Myers on August 14, 2024
The Department of Buildings has released a new guide for large residential buildings to clarify how to calculate and report carbon emissions in order to comply with Local Law 97, and to explain how properties can challenge their Article 320 designation and request extensions for carbon emission reporting.
New York State Exceeding Target for Solar Energy Installations
August 13, 2024
The Inflation Reduction Act and other federal and state incentives are boosting solar power.
Some boards face a May 1, 2025 deadline to file first reports on carbon emissions.
The state climate law does not preempt the city's law, AG's office says.
New York State Struggling to Green the Electric Grid
August 02, 2024
State is still committed to meeting its 2040 goal of getting all electricity from renewable sources.
Real-Time Energy Data Helps Co-ops and Condos Track Compliance with Local Law 97
Written by Emily Myers on July 31, 2024
Westminster House, a 154-unit co-op on the Upper East Side, is using a real-time emission-monitoring tool to track energy use and ensure compliance with Local Law 97 regulations, which require energy use for 2024 to be reported by May 1st, 2025.
Foster Arms Co-Op Pioneers Solar Installation with NYCEEC MEG Loan
Written by Emily Myers on July 24, 2024
The Foster Arms co-op in Brooklyn is the first residential building to fund a solar installation with a Multifamily Express Green (MEG) loan, reducing the upfront costs to just $20,000 and taking advantage of state incentives.
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