LL 97 of 2019 offers two adjustment pathways – one for buildings with qualified excess emissions, and one for qualified not-for-profit healthcare facilities. Adjustment applications opened on April 12, 2021. Adjustments are not an exemption from the law, but a temporary increase in the qualified building emissions limit to allow extra time for compliance. Eligibility requirements for each type of adjustment must be met as described in the law. A full application filing guide is provided by NYC Sustainable Buildings.
Articles tagged with: Energy management
Electricity rates have increased nationally over the past six year, with Hawaii remaining the most expensive state in union to power your home or business. Surprisingly, after Hawaii, Massachusetts residential and commercial customers have experienced the second fastest rate increase over that time.
Gotham 360 attended an event hosted by the Building Energy Exchange focused on Local Laws 92 and 94, that require solar and/or green roofs for all new constructions and major roof renovations. The laws were passed as a part of the Climate Mobilization Act (CMA). Thanks to these laws, NYC may now have the most sustainable roofing policy in the world.
The New York City Council has enacted a new amendment to the Local Law 87 Rule. This amendment increases the retro-commissioning testing requirements, and is enforced on buildings filed with the city starting on January 1, 2020.
Section 48 of the Internal Revenue Code currently includes a 30% ITC for solar PV systems, fuel cells, small wind and some other technologies. The ITC allows those who install clean energy assets to subtract 30% of the project(s) value from federal income taxes owed. This 30% ITC significantly raises the economic value of renewable and clean energy projects -- both those pursued through capital purchase and those financed through leases, power purchase agreements, shared savings agreements, etc.
The Board of Trustees of New York's Barnard College, a women's college affiliated with Columbia University, recently voted to divest from energy companies that deny climate change who are currently within the college's $286 million endowment.
Barnard students have pressed the college to establish a broad divestment pledge, a movement that in the last five years has grown to campuses across the country. Last year, a committee of Barnard trustees, faculty, and students endorsed a proposal that would divest from only fossil fuel companies that seek to deny climate science or thwart efforts to mitigate the impact of global warming.