New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide

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GREEN IDEAS


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.

Another "final" set of rules offers relief for buildings with legal, physical or financial constraints.

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New York City's composting mandate goes into effect on October 6, requiring buildings to separate food scraps and yard waste from their regular trash, with fines ranging from $25 to $300 for failing to comply.

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State agencies are blamed for not providing a clear roadmap to meet renewable energy targets.

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Manhattan, the Bronx and Staten Island to join Brooklyn and Queens in fight against greenhouse gases.

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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.

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$4 million budget and $20 million grant allocated to beef up enforcement efforts.

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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.

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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.

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Tax credit, coupled with other city, state and federal incentives, can cover most solar costs.

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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.

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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

Source Guide

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