New York City building energy efficiency scores are now live! Effective October 31, 2020, all buildings greater than 25,000 square feet must post their energy efficiency grade, visible to all by every and all entrances. Those that do not, risk getting fined.
Read MoreWould you go to a restaurant that had anything but a letter “A” posted in the window? As recently reported in Curbed NY, Local Law 95, which is an amendment to Local Law 33, mandates that all New York City buildings post their letter grade on the building. Buildings are expected to receive their letters in the fall of 2020. The building grade is based on how much carbon it emits; in a nutshell, new buildings will have higher grades while old buildings will have poorer grades.
Read MoreSummer is here and in the midst of such heat, next year’s winter heating season can seem distant. However, the best time to manage next year’s heating costs, if you haven’t started already, is TODAY! Most buildings have old and inefficient boilers and heating systems, which creates both unnecessary costs and carbon output, as well as discomfort. Here are some tips on what to prioritize and where to start:
Read MoreWorking closely with your managing agent is a great start to cutting costs. The managing agent normally has a great bulk program for both electricity and energy purchases, providing an opportunity for their buildings to switch to ESCOs and reduce unit costs. Although cutting the cost of something the building uses and considers a fixed cost is a great start, it is not even half the battle. Here are 10 tips on cutting heating and electric use.
Read MoreNew York Residential Property Values are reaching all-time highs, as demand continues to push up prices.
What can current owners do to further increase the value of their buildings, and help them stand out from their neighbors?
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