A New Tool to Help Co-ops and Condos Cut Emissions: Tax Breaks (NY)

/ Owner - January 10, 2025

For co-op and condo boards, the first deadline for reporting on their buildings’ carbon emissions under Local Law 97 is looming on May 1. While some 90% of the 50,000 covered buildings are already in compliance with 2024’s carbon caps, that number will drop to around 50% when the caps become more stringent in 2030. As a result, Bloomberg reports, co-op and condo residents across the city are raising alarms that they could face crippling monthly fee increases to absorb the cost of clean-energy retrofits.    Read the article…………………………….

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