Green Roof Benefits New York City

100 000 or the amount of property taxes due for the building that tax year.

Green roof benefits new york city. A new york city guide to green roofs. We break them down with urban green council. Stringer joined with state senator john liu and assemblymember nily rozic to push for the implementation of the green roofs tax abatement and catalyze the development of green roofs across the city. Click any image to enlarge.

The benefit is capped at whichever is less. New york city comptroller scott m. Nyc laws green roofs and solar panels two new laws in new york city will transform the city s rooftops helping to reduce carbon emissions and mitigate the harmful effects of our climate changing world. How architects builders developers and building owners can advance the future sustainability of our city.

Green roofs have vegetation that absorbs rainwater provides insulation and combats the heat island effect where urban environments have higher temperatures than surrounding areas. The abatement length is one year. The tax abatement is equal to 4 50 per square foot of green roof space. The department of finance administers the benefit.

These green roofs reduce the city s heat island effect decrease energy costs improve air and water quality sequester carbon and provide habitat for urban wildlife. Nyc parks maintains more than 200 000 square feet of green roofs across the city. Some of the cities most desirable neighborhoods are near green park space. Condominium abatements are divided among the individual condominium units.