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.
September 24, 2024
State agencies are blamed for not providing a clear roadmap to meet renewable energy targets.
September 23, 2024
Manhattan, the Bronx and Staten Island to join Brooklyn and Queens in fight against greenhouse gases.
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.
September 16, 2024
$4 million budget and $20 million grant allocated to beef up enforcement efforts.
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.
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.
Written by Emily Myers on August 21, 2024
The Cezanne co-op in the West Village has successfully eliminated carbon emission penalties until 2035 by installing new heating controls for the boiler, replacing the vacuum pump, and installing new steam traps, which have reduced the building's annual emissions by 149 metric tonnes.
A bill seeks to reduce fines and trim costs of carbon-cutting retrofits.
Written by Emily Myers on August 14, 2024
The Department of Buildings has released a new guide for large residential buildings to clarify how to calculate and report carbon emissions in order to comply with Local Law 97, and to explain how properties can challenge their Article 320 designation and request extensions for carbon emission reporting.