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.
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.
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!
The East Bronx Healthcare Microgrid was announced by New York Governor Andrew Cuomo as one of 11 winners to receive a $1,000,000 grant to design a microgrid as part of NY Prize, a statewide initiative focused on modernizing New York City's electricity grid. This project is based on a feasibility study, also funded through NY Prize and completed by Gotham 360.