FirstService Residential Releases 2023 Energy Report Cards to Facilitate Efficiency, Cost Savings, and Carbon Emission Reductions in NYC Residential Buildings
NEW YORK, NY (NOVEMBER 15, 2023) – FirstService Residential, New York’s leading residential property management company, this week released Energy Report Cards for condominium, cooperative, and multifamily rental properties in the company’s New York portfolio. Issued annually, the Energy Report Cards provide a detailed analysis of a building’s energy performance, including CO2 emissions benchmarked against buildings of similar size and function, and strategies to reduce energy costs, consumption, and emissions.
In New York City, energy costs can comprise 30% of a building’s annual budget.
The Energy Report Cards include a rich presentation of data that illustrates potential fines related to New York City’s Local Law 97 carbon emissions reduction requirements, where energy costs have increased, and how a building’s facilities have performed over time. They were developed by FirstService Energy’s team of energy experts and sustainability advisors, who maintain historical data of hundreds of residential and commercial properties’ energy use, utility costs, and emission
Since launching in New York City in 2011, Energy Report Cards have expanded to 850-plus multifamily communities managed by FirstService Residential across North America. This effort supports the company’s goal to make efficiency projects a reality, without borders, for clients who seek the betterment of their communities.
FirstService Energy also connects condominium and cooperative boards and building owners with energy incentives provided by local governments and utility companies that offset the cost of efficiency projects. The team has secured millions of dollars in incentives for New York clients including electric vehicle (EV) charging station projects, LED lighting retrofits, elevator upgrades, carbon studies, and steam trap replacements.
In New York City, energy costs can comprise 30% of a building’s annual budget.
The Energy Report Cards include a rich presentation of data that illustrates potential fines related to New York City’s Local Law 97 carbon emissions reduction requirements, where energy costs have increased, and how a building’s facilities have performed over time. They were developed by FirstService Energy’s team of energy experts and sustainability advisors, who maintain historical data of hundreds of residential and commercial properties’ energy use, utility costs, and emission
Since launching in New York City in 2011, Energy Report Cards have expanded to 850-plus multifamily communities managed by FirstService Residential across North America. This effort supports the company’s goal to make efficiency projects a reality, without borders, for clients who seek the betterment of their communities.
FirstService Energy also connects condominium and cooperative boards and building owners with energy incentives provided by local governments and utility companies that offset the cost of efficiency projects. The team has secured millions of dollars in incentives for New York clients including electric vehicle (EV) charging station projects, LED lighting retrofits, elevator upgrades, carbon studies, and steam trap replacements.