Did you know? The largest commercial net-metered photovoltaic system in the entire country is located on Bergen Street in Prospect Heights, Brooklyn.
Tag Archives | green building incentives
In spite of facing massive budget shortfalls, New Jersey legislators will consider two different green building bills during their 2008-09 term. We reviewed both bills over at gbNYC earlier this fall; one would require affordable housing developers to include sustainable design features (though not formal third-party certification) while the second would offer low-interest loans to developers who achieve a LEED Silver level of certification. As the economy worsens, though, it will be a tough sell in Trenton to hand tax breaks to private interests. I expect that green building legislation across the country will face similar scrutiny- particular if litigations like the AHRI case in New Mexico cause legislators to more carefully consider how their regulatory schemes are crafted.
Two pieces of green building legislation introduced by a Hudson County legislator are now pending before the New Jersey state legislature in Trenton, and would apply to residential development in the Garden State.
The program is offered through NYSERDA and offers interest rate deductions on loans supporting energy efficiency improvements to real property.
Huntington, Long Island has approved a LEED-based financial incentive program to encourage local developers in building green.
Across the country, green building legislation could have significant legal and insurance implications that practitioners are just beginning to explore in earnest.