Articles tagged with: energy

30% Tax Credit For Solar PV To Start Sunsetting at End of 2019

30% Tax Credit For Solar PV To Start Sunsetting at End of 2019

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.

Natural Gas Alternatives - Heat Pumps

Natural Gas Alternatives - Heat Pumps

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.

The ConEd Natural Gas Moratorium: Are You Affected?

The ConEd Natural Gas Moratorium: Are You Affected?

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.

Gotham 360 Goes to Washington

Gotham 360 Goes to Washington

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.

ReCharge NY Workplace EV Charging Program

ReCharge NY Workplace EV Charging Program

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.

Carbon Taxation & The Healthcare Sector

Carbon Taxation & The Healthcare Sector

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.

The Carbon Taxes Are Coming! The Carbon Taxes Are Coming!

The Carbon Taxes Are Coming! The Carbon Taxes Are Coming!

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).


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