FirstService Residential’s New York City Headquarters Extends Its Green Electricity Commitment to 2021
NEW YORK (January 8, 2019) -- FirstService Residential—the largest property management firm in North America—announced that its New York City regional office has entered into an agreement to purchase 100-percent clean energy for its New York City headquarters through 2021. The firm’s initial commitment began in 2016, and with this three-year extension, FirstService is reaffirming its commitment to the cause of renewable energy.
FirstService Residential’s three-floor office at 622 Third Avenue in Manhattan uses approximately 700,000 kilowatt hours (kwh) of energy annually. The clean energy conversion was accomplished by the purchase of RECs (Renewable Energy Certificates) through 3-Degrees Inc. Renewable energy credits are frequently used as an alternative green electricity solution for properties that are unable to install efficient solar or wind generation systems on site.
This achievement is the latest in a series of sustainability initiatives set forth by FirstService Residential. Since 2016, the firm’s New York City region has successfully converted more than 55 percent of its managed portfolio to 100-percent green energy—totaling over 125,000,000 kwh of renewable energy per year.
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