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.
Written by Emily Myers on December 04, 2024
Co-ops and condos have an opportunity to showcase high-efficiency cold-climate heat pumps thanks to a $10 million NYSERDA initiative.
Written by Emily Myers on November 29, 2024
Replacing electric baseboards with heat pumps is a win for shareholders and the planet.
Written by Emily Myers on November 27, 2024
An 11-story Upper West Side co-op is installing heat pumps in the basement to generate domestic hot water, reducing emissions and taking pressure off the aging boiler, with the help of The Folson Group.
Written by Emily Myers on November 20, 2024
205 Hicks St. in Brooklyn Heights has replaced an aging oil-fired boiler with energy-efficient electric heat pumps, eliminating carbon emission penalties and providing shareholders with comfortable heating and cooling, while also saving money on electricity.
Written by Emily Myers on November 13, 2024
Cabrini Terrace, a 217-unit co-op in Manhattan's Hudson Heights, has restored their original steam heating system to its former glory, shaving 15% off the building's gas usage, and is exploring further ways to lower their penalty exposure.
Written by Emily Myers on November 06, 2024
Two Charlton Owners Corp. has implemented a three-pronged strategy to enhance energy efficiency, including submetering, electrical room modernization, and EV charging installations, which have generated cost savings and additional revenue streams.
October 29, 2024
Installations have generated $9.2 billion in private investment and created 14,000 jobs.
Written by Emily Myers on October 23, 2024
The Clinton Hill Cooperative in Brooklyn has slashed its gas use by 50% since 2017, thanks to energy efficiency upgrades such as steam trap replacements, window replacements, smart radiator covers, and a combined heat and power system, all paid for out of the co-op's capital reserves without the need for an assessment.
Written by Kathryn Farrell on October 17, 2024
A 134-unit postwar building in Lenox Hill is exploring the capture and reuse of waste heat with the help of a $40,000 study funded by NYSERDA, and is also considering replacing an outdated steam absorption chiller with high efficiency electric chillers.
Written by Emily Myers on October 09, 2024
The Department of Buildings has proposed rules allowing buildings to lower penalties for excess carbon emissions by purchasing offset certificates, with the funds going towards a GreenHOUSE Fund to help decarbonize affordable housing, including low-income co-ops.