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Momentum building for green retrofits in New York City co-ops, condos

Multifamily Housing

Momentum building for green retrofits in New York City co-ops, condos

Prior resistance reduced as boards recognize benefits


By PETER FABRIS, CONTRIBUTING EDITOR | March 24, 2023
Photo: Jason Krieger via Unsplash
Photo: Jason Krieger via Unsplash

Many New York City co-op and condo boards had been resistant to the idea of approving green retrofits and energy-efficiency upgrades, but that reluctance might be in retreat.

A principal at Urbanstrong, a green building consultancy, says the attitude of board members has shifted recently, according to aĀ HabitatĀ report. First, boards are realizing that they will have no choice but to comply with recent New York carbon-reduction laws.

They are also hearing from other boards that solar panels can be a welcome source of income as well as an effective carbon-reduction strategy. In addition, a sustainability-enhancing feature such as a green roof can increase property values, particularly if it includes an attractive lounge space.

The cityā€™s one million buildings have 40,000 acres of roof space. Just a tiny fraction of those spaces accommodate solar panels or resident amenities. Some properties are making plans to green up HVAC by replacing old, inefficient heating and cooling systems with a combination of heat pumps and efficient gas boilers.

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