New York City Green Roof Subsidy

Green roofs solar panels.

New york city green roof subsidy.

And each green roof has multiple superpowers. The schedule below outlines the maximum reimbursement rate for green roof projects. Hire skilled and licensed professionals for installation. Projects below the minimum criteria 1 5 soil depth and 5 000 sf are not eligible for grant funding.

Green roofs can grow food and create jobs. Condominium abatements are divided among the individual condominium units. On november 15 2019 the department of buildings announced the effectiveness of local laws 92 and 94 of 2019. With more than 1 6 billion square feet of rooftops in new york city green roofs and solar panels can help reduce our greenhouse gas emissions.

Green roof property tax abatement. Roof repair or replacement is a costly endeavor. The benefit is capped at whichever is less. Green roofs and solar roof systems should help buildings throughout the city maintain appropriate temperatures while cutting down on energy costs and emissions.

An applicant s professional designee must certify that the installation meets design and other requirements under all applicable laws rules and codes. Local law 92 intro 0276 was originally introduced by council member donovan j. Richards on january 31 2018 and local law 94 intro 1032 was introduced by council member rafael l. Funding for green roofs is determined by green roof area gra and soil depth.

What constitutes 80 coverage of a green roof. Back to top green roof tax abatement faq. Green roofs have tax incentives the green roof property tax abatement provides a one year tax abatement for the construction of a green roof on residential and commercial buildings in new york city. More recently the new york city council passed a suite of measures to reduce greenhouse gases including a requirement for green roofs solar panels or a combination of both on newly constructed.

The tax abatement is equal to 4 50 per square foot of green roof space. The minimum project amount must be 50 000. Green roof property tax abatement new york city offers property tax abatements to property owners that install solar green roofs on their buildings. Installing a green roof or solar panel may add substantial weight to your roof.

On july 7 2018. The green roof tax abatement is aligned with the city s long term sustainability plan planyc. The mapping project also revealed that green roofs vary dramatically in size and form from the javits center s 6 5 acre green roof to urban farms like the brooklyn grange to smaller plots atop schools and apartment buildings. Often the financial aspects of installing a new roof or repairing your existing roof are so overwhelming that a healthy roof may seem like an impossible goal.

How should applicants interpret the 80 green roof requirement.