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.
Staff is more than doubling to enforce Local Law 97.
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 Kathryn Farrell 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.
Manhattan Co-op Addresses Radiator Noise and Achieves Energy Savings in One Move
Written by Emily Myers on April 10, 2024
A Manhattan co-op has solved its noisy steam radiator problem by converting the system into a two-pipe system with steam traps, removing the radiator air vents, and lowering the boiler pressure, resulting in a quieter system and savings on its energy bills.
Luxury Manhattan Condo Saves $150,000 With System Tweaks
Written by Emily Myers on April 03, 2024
A luxury glass skyscraper in Sutton Place has saved $150,000 in energy bills thanks to a partnership with Parity, which helped fine-tune the building's systems for optimum efficiency.
A Glimmer of Hope for Co-ops and Condos Struggling with LL97
Written by Emily Myers on March 13, 2024
If enacted, the Green Buildings Act would offer a lifeline to apartment buildings struggling to meet Local Law 97’s carbon emission requirements.
City Council Members Push for Passage of Green Buildings Act
March 11, 2024
Bill would give co-ops and condos tax breaks for reducing building carbon emissions.
Critics say mediation is a get-out-of-jail-free card for buildings that fail to meet carbon caps.
As co-op and condo board scramble to reduce carbon emissions, there's good news and bad.