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 credits and refunds could help pay for retrofits that cut buildings' carbon emissions.
Trump Freezes $5 Billion in Clean-Energy Funds in New York
March 28, 2025
Despite White House pressure, many Republicans favor keeping the Inflation Reduction Act.
Heat Pumps Help Co-op Cut Costs and Avoid Local Law 97 Fines
Written by Emily Myers on March 24, 2025
A co-op's $900,000 upgrade has a five-year return on investment.
As future carbon emission caps become more stringent, paying fines might make sense.
Trump Creates Headwinds to New York's Green Electric Grid
March 11, 2025
Co-op and condo boards are facing new challenges to comply with Local Law 97.
DOB Launches Compliance Portal for Local Law 97
March 04, 2025
The DOB will also hold a series of webinars to help boards comply with Local Law 97.
Future Flooding from Climate Change May Surpass Sandy's Toll
February 21, 2025
New York City could lose up to 19,300 homes in the next 15 years.
Trump's Orders Upend Co-ops' and Condos' Green Transition
January 31, 2025
President resists an electric grid powered by renewable energy instead of fossil fuels.
A New Tool to Help Co-ops and Condos Cut Emissions: Tax Breaks
January 10, 2025
J-51 and property tax relief could help pay for clean-energy retrofits.
J-51 Replacement Offers Help to Co-ops and Condos Needing Upgrades, But Many Miss Out
Written by Emily Myers on December 11, 2024
City Council passes new legislation allowing co-ops and condos to apply for tax breaks for major building renovations.