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.
New Carbon Offset Program Aims to Electrify Low-Income Housing in NYC
Written by Emily Myers on October 09, 2024
The Department of Buildings has proposed rules allowing buildings to lower penalties for excess carbon emissions by purchasing offset certificates, with the funds going towards a GreenHOUSE Fund to help decarbonize affordable housing, including low-income co-ops.
New Rules to Help Co-ops and Condos Comply With Local Law 97
October 08, 2024
Another "final" set of rules offers relief for buildings with legal, physical or financial constraints.
New York City's Composting Mandate Goes Into Effect on Oct. 6
Written by Emily Myers on October 02, 2024
New York City's composting mandate goes into effect on October 6, requiring buildings to separate food scraps and yard waste from their regular trash, with fines ranging from $25 to $300 for failing to comply.
City and State Governments Failing to Meet Their Own Climate Goals
September 24, 2024
State agencies are blamed for not providing a clear roadmap to meet renewable energy targets.
Citywide Mandatory Organics Recycling Program Begins on Oct. 6
September 23, 2024
Manhattan, the Bronx and Staten Island to join Brooklyn and Queens in fight against greenhouse gases.
Smart Controls Boost On-Peak Energy Payouts for Upper East Side Condo
Written by Emily Myers on September 19, 2024
The Oxford, a 199-unit condo on the Upper East Side, is maximizing the payout it gets for reducing energy use during peak demand periods by using automated building sensors and controls, resulting in a potential $10,000 reward.
City Triples Staff to Enforce Local Law 97 as First Deadline Looms
September 16, 2024
$4 million budget and $20 million grant allocated to beef up enforcement efforts.
Heat Pump Pilot Among Energy Upgrades at Hamilton Heights HDFC
Written by Emily Myers on September 11, 2024
A Hamilton Heights HDFC is pioneering a new heat pump design as part of a trio of energy efficiency measures financed by a $236,000 loan from the New York City Energy Efficiency Corp. (NYCEEC), which will meet between 50% to 70% of the domestic hot water needs for the residents of the Residencia Esperanza co-op.
Bayside Co-Op Boosts Energy Efficiency and Meets Emission Standards with Retrofitting
Written by Emily Myers on September 05, 2024
Linda Tenants Corp. in Bayside, Queens, has made significant improvements to its mechanical systems, reducing its energy usage by 30% and saving the building money, while also becoming compliant with Local Law 97 until 2030.
Tax credit, coupled with other city, state and federal incentives, can cover most solar costs.