HABITAT
Article Archive
The Meter is Running
The Habitat Article Archive includes the full text of all of our magazine articles dating back to 2002. You can view 3 articles per month for free. (Repeat views of the same article don’t count against your monthly limit.)
To read more, purchase a print subscription or a daily or yearly All-Access Pass and get unlimited access to the Archive. Prices start at 1.95.
Already a subscriber? Sign In to access!
Article Archive
You've reached your free article limit for this month.
To read this article and gain unlimited access to the Habitat Article Archive, which includes the full text of all our magazine articles dating back to 2002, purchase an All-Access Pass.
Already a subscriber? Sign In to access!
Pay attention to the energy-saving trail – and take advantage of grants.
When your building is considering improving its mechanical systems, it’s worthwhile to investigate what energy efficiencies and government subsidies can be tied in.
We handled a transaction where a building installed a cogeneration system that allowed the building to realize savings on the costs to heat its hot water and, at the same time, provide backup power to allow the building to have some elevator service, emergency lighting, and hot water during a power outage. In addition to the utility savings and the advantages of having a backup power resource, the building qualified for a New York State grant to help fund the project.
Takeaway
The project was the brainchild of an energy consultant retained by the building to explore different ways it could stay ahead of the curve in terms of energy efficiency when considering upgrading its elevators. When a building is contemplating a significant capital improvement to its mechanical systems, it would be worthwhile to investigate what energy efficiencies can be achieved in connection with such an upgrade and what government subsidies might be available to defray the costs.
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!