Are Co-op and Condo Boards Waking Up to the Upside of Retrofits?
09 Mar 2023
Is it possible that New York City co-op and condo boards, after years of resistance, are finally beginning to realize that the city’s push for clean and efficient energy is not only inevitable but also a potential source of benefits? Anecdotal evidence suggests that the answer is yes.
“We’ve seen a shift in attitudes from co-op and condo boards in two ways,” says Alan Burchell, principal at Urbanstrong, a green building consultancy with a specialty in rooftop development. “First, they’re realizing they can’t fight these local laws. Therefore, rather than spending energy fighting, they’re looking for vendors who can help them navigate ways to comply. Second, they’re hearing from other boards by word of mouth that solar panels can be a nice source of income, and if a green roof can accommodate an amenity space, it will increase property values.
