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.
A bill supported by 25 NYC Council members aims to soften Local Law 97's impact.
Greenwich Village Co-op Saves 80% on Winter Bills with VRF Heat Recovery Units
Written by Emily Myers on June 12, 2024
Waverly Mews is installing variable refrigerant flow (VRF) heat recovery units to reduce winter heating bills by 80%, while also providing more climate control and more light into apartments, with the work expected to be completed before the end of the year.
Kips Bay Co-Op Finalizes $1.5M Electrification, Slashes Energy Costs by 20-30%
Written by Emily Myers on June 05, 2024
A $1.5 million electrification project at 240 East 24th St. has eliminated the use of fossil fuels, installed more efficient heat-pump technology, and given residents better control of their heating and cooling, saving the co-op 20-30% on energy costs.
Co-Op in Flatiron District Reduces Energy Bills with Hybrid Energy System
Written by Emily Myers on May 22, 2024
The Victoria co-op in Manhattan is installing a hybrid system of electric heat pumps and gas-fired boilers to reduce operating costs, minimize carbon emission penalties in 2030, and reduce the co-op's Local Law 97 emission penalties by up to 90%.
Smart technology releases heat only when needed, reducing waste.
Staff is more than doubling to enforce Local Law 97.
Cooling Tower Replacement Saves 40% on Energy and 50% on Water for NoMad Co-Op
Written by Emily Myers on May 01, 2024
The co-op at 22 W. 26th St. in NoMad has installed a new three-cell cooling tower with efficiency controls and VFDs, which is expected to reduce operating costs by 30% and water use by 50%, while also improving the building's D energy efficiency grade.
Supporters argue bill protects affordable housing, while critics see it as a loophole.
Bronx Co-Op Implements Smart Radiator Covers to Cut Carbon Emissions and Energy Costs
Written by Emily Myers on April 25, 2024
Fordham Hill Oval, a 1,130-unit co-op in the Bronx, is installing thousands of smart radiator covers to cut fines and save on energy costs, taking advantage of a no-money-down subscription payment model.
The well-off are taking advantage of tax incentives and tax breaks to install rooftop solar panels, while the less-well-off are missing out.
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