New York City’s (NYC) ambitious climate goals have led to the introduction of stringent energy efficiency standards for buildings, with a deadline set for 2023. As a property managers in NYC, understanding and implementing these standards is crucial to ensure compliance, reduce energy costs, and attract environmentally-conscious tenants.
This article will discuss the role of property managers in NYC meeting the 2023 energy efficiency standards and provide strategies for achieving compliance.
What are the 2023 Energy Efficiency Standards?
The 2023 Energy Efficiency Standards in New York City (NYC) are a set of regulations aimed at reducing energy consumption and greenhouse gas emissions in the city. These standards, set to take effect in 2023, require buildings to meet certain energy efficiency benchmarks, such as using high-performance insulation, upgrading lighting systems to more efficient LEDs, and improving heating and cooling systems.
The goal of these standards is to make NYC buildings more environmentally friendly, reduce energy waste, and decrease the city’s overall carbon footprint. The standards apply to both new construction and existing buildings, and they are part of NYC’s ambitious plan to combat climate change and become a more sustainable and resilient city.
Property managers in NYC, building owners, and developers will need to comply with these standards to obtain necessary permits and approvals for their projects, and the city will be monitoring and enforcing compliance to ensure the successful implementation of these energy efficiency measures.
Role Of Property Managers in NYC Meeting The 2023 Energy Efficiency Standards
1. Understanding Local Law 97 and Its Implications
Local Law 97, part of the Climate Mobilization Act, sets greenhouse gas emission limits for buildings larger than 25,000 square feet in NYC. The law requires affected buildings to reduce their emissions significantly by 2023, with further reductions mandated in subsequent years. Property managers in NYC must familiarize themselves with Local Law 97 and develop a plan to meet the required emission reduction targets.
2. Conducting Energy Audits
One of the first steps in meeting the 2023 energy efficiency standards is conducting a comprehensive energy audit. This process involves assessing the building’s energy consumption, identifying inefficiencies, and recommending energy-saving measures.. This list will help you prioritize your energy efficiency upgrades. Do not assume that just because your home is recently constructed–or even new–that there are no opportunities to save energy. Property managers should work with qualified energy auditors to evaluate their properties and develop a strategic plan to reduce energy usage and emissions.
3. Implementing Energy Efficiency Upgrades
Based on the findings of the energy audit, property managers should prioritize and implement energy efficiency upgrades. This may include updating heating, ventilation, and air conditioning (HVAC) systems, installing energy-efficient lighting, or improving insulation. These upgrades not only help meet the 2023 standards but also result in lower energy costs and increased tenant satisfaction.
5. Utilizing Renewable Energy Sources
Incorporating renewable energy sources, such as solar panels or wind turbines, can significantly reduce a building’s greenhouse gas emissions and contribute to meeting the 2023 energy efficiency standards. Property managers should explore the feasibility of integrating renewable energy into their properties and work with experienced professionals to ensure proper installation and maintenance. Renewable energy is energy produced from sources like the sun and wind that are naturally replenished and do not run out. Renewable energy can be used for electricity generation, space and water heating and cooling, and transportation.
6. Monitoring and Reporting Energy Performance
Regular monitoring and reporting of energy performance are essential for tracking progress toward the 2023 energy efficiency standards. Improve energy efficiency, ESG compliance and productivity. An online platform for monitoring, automated reporting against targets and decision support Property managers should implement systems to collect and analyze energy consumption data, allowing them to make informed decisions about further efficiency improvements and demonstrate compliance with Local Law 97.
7. Educating Tenants on Energy Conservation
Tenant participation is crucial in achieving energy efficiency goals. Property managers should educate tenants on energy conservation practices and encourage them to contribute to the building’s overall energy performance. This may involve providing information on energy-saving habits, promoting recycling programs, or offering incentives for energy-efficient behavior. Principal Real Estate Investors, the property’s owner, and KG Investment Management, its property management team, wanted a compelling way to increase their tenants’ awareness of the many sustainability initiatives they had undertaken at the AmberGlen office park in Hillsboro, Oregon The initiatives include recommissioning HVAC systems, using goats for vegetation maintenance, installing an Eco lawn, using irrigation controllers, and building two electric car charging stations.
Conclusion
As the 2023 energy efficiency standards deadline approaches, property managers in New York City must take proactive steps to ensure their buildings comply with the regulations. By conducting energy audits, implementing efficiency upgrades, utilizing renewable energy sources, and engaging tenants in energy conservation efforts, property managers can help create a greener and more sustainable NYC. If you’re searching for a property managers in NYC who prioritizes energy efficiency and compliance with the latest regulations, consider partnering with a Citadel Property Management Corp. who shares your commitment to a sustainable future. Contact them today for achieving the goals of the 2023 energy efficiency standard.
