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 ConEdison natural gas moratorium went into effect on March 15, 2019, affecting many towns in southern and eastern Westchester. This means if you are a resident or business-owner in the affected areas of Westchester, you will not be able to establish a new gas connection until the moratorium is lifted.
The ConEdison natural gas moratorium, which began in Westchester has now been expanded to include Brooklyn and Queens. It is restricting residents and business owners from establishing new gas connections due to constraints on the grid. In response to the moratorium, end users are searching for (and being incentivized to use) alternative technologies that reduce their dependence on natural gas. One such technology is the heat pump.
On January 17, 2019 ConEdison announced a natural gas moratorium for the more populated, southern portion of Westchester County. The moratorium went into effect on March 15, 2019. This means that ConEd will no longer accept applications for new natural gas connections, in most of their Westchester service territory - until they can more closely align customer demand with available supply. Existing customers are not affected, but service to new customers is now limited.
The Gotham 360 team took a trip to Arlington, VA to attend the JBG Smith 2019 Greenfair and Education Program. Sean Mullen, Sarah Gilly, and Ashley Kossakowski represented Gotham 360 at this tradeshow-style event with over 40 vendors that service JBG Smith. JBG SMITH is an S&P 400 company that owns, operates, invests in and develops assets concentrated in leading urban infill submarkets in and around Washington, DC. Their mixed-use operating portfolio comprises approximately 19 million square feet of high-quality office, multifamily and retail assets.
The words you choose are important, especially when attempting to communicate very complex issues to a broad swath of people. Take for example Mayor Bill de Blasio’s statement during his press conference to announce the passage of the Climate Mobilization Act, which intends to cap greenhouse gas emissions for all buildings in NYC:
If your business participates in the New York Power Authority (NYPA)’s Recharge NY Program, you may qualify for the ReCharge NY Workplace EV Charging Program. Through a partnership with the New York State Energy Research and Development Authority (NYSERDA), NYPA provides ReCharge participants with free EV charging stations to install at their business locations as well as outreach and education about EVs.
As we discussed in last week’s blog post, Intro 1253 will have operational and financial impacts on buildings throughout the five boroughs, in all sectors. As originally conceived, Intro 1253 targets buildings larger than 25,000 square feet and requires them to meet certain emissions caps beginning in 2022. The bill is set to be passed on Earth Day.
Carbon taxes are coming, and they’re coming fast!
Last week, the NYC City Council released an updated draft of Introduction 1253, a new bill that is likely to be passed into local law. If passed, this legislation will be the nation’s first legislative cap on carbon emissions. It is a part of NYC’s commitment to reduce greenhouse gases (GHGs) by 80% by 2050 (the 80x50 program).
To continue our celebration of International Women’s Month, Gotham 360 would like to highlight some incredible organizations based in the Northeast that provide opportunities for women in the energy and sustainability industries. As a WBE Certified Women-Owned Business
, we take pride in uplifting women not only today or this month, but every day.
Gotham 360 was very pleased to participate as a Bronze Level sponsor at the 2018 AASHE conference in Pittsburgh, PA. Our team joined sustainability leaders from across North America to exchange ideas, impacting transformative actions that are within sustainability, higher education and surrounding communities.
Setting The Stage
In July 2010, the Health Department began requiring restaurants in all five boroughs to post letter grades summarizing their sanitary inspection scores to help achieve three goals: 1) to inform the public about a restaurant's inspection results in a simple, accessible way; 2) to improve sanitary conditions and food safety practices in restaurants; and 3) to reduce illnesses associated with dining out.
Following suit, energy efficiency will soon be hitting the public eye.
Beginning in 2020, all buildings in NYC over 25,000 square feet will be required to post an energy grade in a highly conspicuous location, like the letter grades we are used to seeing at the entrance to restaurants. This development is mandated by Local Law 33 - designed to promote energy efficiency, and publicly shame those who do not board the efficiency bus.
Jennifer Kearney, Executive Partner of Gotham 360, spent the week of March 12 - 16, 2018, in Berlin, Germany as one of ten delegates from New York State for a special energy briefing and best practices exchange between New York and the nation of Germany.
After a successful inaugural delegation trip to Berlin in June 2017, the German Federal Ministry for Economic Affairs and Energy once again invited policy-makers, entrepreneurs, and energy experts from New York State to participate in a trip to Germany in March 2018.
Each year, Urban Green Council's annual conference tackles an issue or trend relevant to urban professionals in the green building sector. On Wednesday, October 4, the Gotham 360 team was happily present for the lively discussion on this year's theme: It's Electrifying!