Key Takeaways
- Since inflation is increasing the cost of goods and services, looking for an energy-efficient home may make sense.
- Energy prices have increased over the last year, so look for energy-efficient features in your home search.
- The Facade Inspection & Safety Program (FISP, also known as Local Law 11) is a set of regulations addressing the conditions of NYC’s buildings’ exterior walls and their appurtenances.
- Local Law 87 requires owners of applicable, mixed-use, and residential buildings to submit an Energy Efficiency Report (EER) once every ten years.
- With Local Law 97, New York City is one of the nation’s most ambitious plans for reducing emissions. Local Law 97 is part of the Climate Mobilization Act, passed by the City Council in April 2019 as part of the Mayor’s New York City Green New Deal. Under this groundbreaking law, most buildings over 25,000 square feet will be required to meet new energy efficiency and greenhouse gas emissions limits by 2024, with stricter limits coming into effect in 2030. The goal is to reduce the emissions produced by the city’s largest buildings by 40 percent by 2030 and 80 percent by 2050.
- If you’re looking to buy a home this year, let’s connect so you have a partner to help you consider which features are most important to you.
