The New York Real Estate Journal took a look at energy efficiency efforts underway in New York City. They are significant: All public builds must achieve a heightened level of efficiency by 2025.
In April, Major Bill de Blasio announced a $100 million public housing energy saving program that will retrofit almost 300 buildings for heightened efficiency. This and other programs will save $8.5 billion over ten years and create about 3,500 jobs.
Commercial building owners can take part in the programs. They are eligible for millions of dollars in rebates and incentives for upgrades of lighting and HVAC systems, hiking efficiency and increasing use of demand response technology. Incentives of as much as $67,000 are available for building energy usage studies.
It’s not surprising that there is a lot of activity focusing on the Big Apple and energy. For instance, in June, Local Law 88 became effective. It stipulates that buildings of 50,000 square feet or greater upgrade their lighting and install sub-meters.