New York's Cooperative and Condominium Community

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HOW NYC CO-OPS/CONDOS SAVE ENERGY

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.

A bill supported by 25 NYC Council members aims to soften Local Law 97's impact.

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A $1.5 million electrification project at 240 East 24th St. has eliminated the use of fossil fuels, installed more efficient heat-pump technology, and given residents better control of their heating and cooling, saving the co-op 20-30% on energy costs.

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The Victoria co-op in Manhattan is installing a hybrid system of electric heat pumps and gas-fired boilers to reduce operating costs, minimize carbon emission penalties in 2030, and reduce the co-op's Local Law 97 emission penalties by up to 90%.

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Smart technology releases heat only when needed, reducing waste.

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Staff is more than doubling to enforce Local Law 97.

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The co-op at 22 W. 26th St. in NoMad has installed a new three-cell cooling tower with efficiency controls and VFDs, which is expected to reduce operating costs by 30% and water use by 50%, while also improving the building's D energy efficiency grade.

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Supporters argue bill protects affordable housing, while critics see it as a loophole.

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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.

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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.

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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.

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Ask the Experts

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Learn 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

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