"With Local Law 97 now in effect, solar power provides a compliance solution that leads to significant utility savings, making it an attractive option for large buildings."
"The first fines for non-compliance under Local Law 97 begin in May, making it critical for buildings to consider solutions like solar energy for emissions reductions."
Local Law 97, aimed at reducing carbon emissions in large buildings, is now in effect, with fines commencing soon for non-compliance. Solar power emerges as an effective compliance solution while lowering utility costs. Homeowners can benefit from incentives covering 75% of installation costs, with systems typically paying off in four to six years. For co-op boards, the appeal lies in compliance benefits, potential savings, and the one-time investment nature of solar installations, alongside generous incentive structures that favor larger installations over residential ones.
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