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Beat the next NYC blackout! It just got easier with this week's NEW PRODUCT
Opera Lady and Mr. Manager cover all your Board concerns. Comment today on the HABITAT BLOG!
SHOULD BOARD MEMBERS BE PAID? Tell us what you think!
FINALLY ... a co-op wins a battle against a noisy bar. Read our WEB-EXCLUSIVE feature to learn how!
APARTMENT BUYERS: See THE CO-OP/CONDO OWNER'S MANUAL to learn about admissions perils and pitfalls!
Green Roofs Tax Abatement and Alt-Energy Initiatives Signed Into Law
Web-Exclusive News Update — August 18, 2008 — New York Governor David A. Paterson on August 5 signed into law new energy and greening legislation designed to promote green-roof initiatives and encourage private solar- and wind-power systems.
The one-year abatement for green roofs — a roof covered with grass and plants, providing an insulating layer to help reduce energy consumption and improve air quality, among other benefits — will cut up to $100,000 from a building's tax bill.
The new abatement, which is in effect from Jan. 1, 2009, to March 15, 2013, applies to buildings that cover at least half of a roof with vegetation.
Patterson also signed into law a bill relating to net metering, which allows homeowners and businesses to earn credit for any excess power that they feed back into the public electric grid. Provisions of benefit to co-ops, condos and other residential buildings include increasing the upper limit that Con Edison and other energy providers must accept and rebate for, from 10 kilowatts to 25 kilowatts.
Formally titled the "Green Roof Tax Abatement for Certain Properties in a City of One Million or More Persons," the green-roof bill was sponsored by Assemblyman Ruben Diaz, Jr., whose 85th Assembly District covers part of the South Bronx. The Senate version, S 7553, was sponsored by Senator Andrew J. Lanza of the 24th Senate District.
"We know we have to protect the environment," Assemblyman Diaz told Habitat, "and the number-one contributor to global warming, in terms of pollution, is not emissions from automobiles, as many people think — it is buildings. Green roofs significantly reduce [a building's] carbon footprint."
"These bills will help improve New York’s air quality, curb our dependency on fossil-fuel based energy sources, and create 'green' jobs while simultaneously leading to greater investment by homeowners ... in facilities that will generate renewable energy power and allow them to sell their excess power back to the grid," said Patterson in a prepared statement.
— Frank Lovece
Comments
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Posted by: Opera Lady
08/31/2010 07:24 pm
We have a leak situation. The individual's apt where the leak is located is a very difficult person. The contractor asked to have access to the apt. to Read More »
With so many buildings in our property management company's portfolio, it's always interesting to me to experience each board and the intricacies that Read More »
Learn all the basics of being a board-member, straight from our baker's-dozen movers and shakers.
2010 Source Guide
Be sure to check out our 2010 Source Guide – chock-full of great resources for your board. It is available online, and you can also get your organization listed as a provider.




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