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Crimmens |
Latest page update: made by Crimmens
, Aug 1 2008, 10:10 AM EDT
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Keyword tags:
Green Roofs in New York City
Sustainability Knowledge Base
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| Started By | Thread Subject | Replies | Last Post | ||
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| Crimmens | Green Roof Tax Incentive | 0 | Aug 1 2008, 9:31 AM EDT by Crimmens | ||
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Thread started: Aug 1 2008, 9:31 AM EDT
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There IS a large scale policy driven program!
Building owners in New York City who install green rooftops will now receive a significant tax credit under a bill (A.11226) sponsored by Assemblyman Ruben Diaz Jr. that passed the state legislature on June 24, 2008. Under this law, building owners in New York City who install green roofs on at least 50 percent of available rooftop space can apply for a one-year property tax credit of up to $100,000. The credit would be equal to $4.50 per square-foot of roof area that is planted with vegetation, or approximately 25 percent of the typical costs associated with the materials, labor, installation and design of the green roof. Also, there ARE several NYC-based organizations working on green roofs, including the Gaia Institute (www.gaiainstituteny.org) and Sustainable South Bronx (www.ssbx.org). The legislation was championed by the S.W.I.M. (Storm Water Infrastructure Matters) Coalition (www.swimmablenyc.info), comprised of more than 50 city, state and national organizations dedicated to ensuring fishable and swimmable waterways around New York City through natural, sustainable storm water management practices in our neighborhoods. Sustainable Stormwater Management refers to capturing rain water on rooftops, streets, sidewalks and open spaces to prevent it from entering the sewer system. This is often accomplished through urban retrofits, like green roofs, rain gardens, disconnected rain gutter downspouts, and porous pavement. Capturing the water near the sources of water runoff throughout the watershed can help to prevent CSO while also providing the benefits of added green space, reduction of energy costs, and improved air quality. “Building owners will be able to apply for the credit starting Jan. 1, 2009. This is a pilot program that will expire after March 15, 2013, unless it is extended.
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Keyword tags:
green roofs
incentive
stormwater
SWIM Coalition
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