River 2 River Realty

January 5, 2015

NYC Sees an Increase in Solar Energy

We've been talking so much about real estate trends and all the swanky new condo developments that we can expect to see in 2015, but there's another, more subtle trend that's already taking shape. And it's environmentally friendly. As CNBC reports, "New York City is experiencing a solar renaissance." The city has seen a recent flurry of initiatives that advocate for green building, including Governor Cuomo's $1 billion commitment to solar projects and his law that doubles tax breaks for those who install solar panels on their properties. Plus, in November, the City Council passed a bill that says New York City must cut greenhouse gas emissions 80 percent by 2050.
Learn how NYC buildings are incorporating solar energy