Making Sense of Building Requirements and Opportunities in NYC

Making Sense of Building Requirements and Opportunities in NYC
June 11 12:13 2018 Print This Article

As part of its continuous efforts to accelerate the implementation of energy efficiency practices, New York introduces new requirements for energy standards for buildings. The Greener, Greater Buildings plan is planned completely in 2025. And property owners will have to be prepared.

These requirements include unique opportunities for property owners. Not only the reorganization of operations in the name of intelligent energy management will save property owners money in the long run, but the program is delivered with robust incentive programs through the nyc energy conservation code .Although regulations may seem initially onerous, they ultimately represent financial savings, smarter operations and state funding opportunities.
Compliance with the new regulations

A greener plan, a larger building (GGBP) is a program with four separate provisions: local laws 84, 85, 87 and 88. Each regulation is part of intelligent energy management, which is provided with its own set of financial and motivation programs to encourage the adoption of:

Local law 84 – Benchmarking: “Benchmarking” requires companies to measure electricity and water consumption annually. The law standardizes the measurement process and requires sharing data using an online tool to compare with other similar buildings in the city. Beginning in 2018, owners of medium-sized buildings ranging from 25,000 to 50,000 square feet will need to be compared. Here’s what I’ve learned about how to start an engineering consulting firm.

Local law 85 – Local energy rights: Property owners must comply with a number of local energy regulations known as the New York Energy Protection Code. Renovation and construction changes must also comply with current standards.
Local law 87 – Energy audits and retrocession: Law 87 requires buildings with an area exceeding 50,000 square feet to receive periodic energy audits, in addition to retrospectives. As with comparative tests, energy audits aim to provide building owners with a better insight into their energy consumption.
Local law 88 – Illumination and counting: This ordinance requires that any large residential building should modernize its lighting system by 2025. To save the energy savings code, and install electric sub-meters to provide monthly lifts.

Some building owners are eligible for NYSERDA financing and cost sharing programs to implement intelligent building energy management systems. These systems monitor and analyze energy consumption in a building and advise decision makers on what adjustments should be made to optimize performance. These qualifications include office buildings, retail, colleges and universities, healthcare facilities, state and local governments, non-profit organizations and K-12 schools. To qualify for NYSDER funding, property owners need to choose a qualified supplier to implement a real-time energy management system.
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The distribution of costs from NYSERDA supports both installation and service costs, decreasing after three years of operation and decreasing completely after the fifth year. The financing plan includes two options: the first one divides the installation load in advance, and then covers some service costs in subsequent years. The second one builds the cost of installation for the division of service costs. By using this financial support, companies can reduce their total investment upfront by 30 percent, and reduce service costs.
Intelligent energy management systems go beyond compliance

Advanced tools using technologies such as the Internet of Things (IOTs) and machine learning algorithms can help property owners maintain compliance with new regulations and take advantage of the benefits of sharing costs.

 

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