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TESTIMONIALS

“The energy analysis and verification work required to qualify for the 179D tax deductions has been truly beneficial to our firm.”

- Martin E. Dietz, Darden Architects, Inc.

NYC Benchmarking

NYC BENCHMARKING - New Energy & Water Conservation Law

New York City has enacted legislation requiring that all buildings over 50,000 SFG benchmark their energy use and water consumption, if separately water-metered. The first benchmark report is due May 1, 2011, and then the results must be updated annually thereafter. Of importance to owners, the building’s benchmarking score is to become public information.

Compliance Applicability Chart 
Building Type Required to Adhere to Code Exempt from Code

City Buildings
  • All buildings over 10,000 SF
  • Two or more buildings on the same tax lot are considered one building
    • Buildings in which the City is a tenant and does not pay the energy bills
    • Buildings participating in HPD programs that are under 50,000 SF
    • Buildings participating in the tenant-interim lease apartment purchase program
  • Buildings in which the City is a tenant and does not pay the energy bills
  • Buildings participating in HPD programs that are under 50,000 SF
  • Buildings participating in the tenant-interim lease apartment purchase program

Commercial
and
Mixed-Use Buildings
  • All buildings over 50,000 SF
  • Or 2 or more buildings together exceeding 100,000 SF that either share a tax lot or are held by the same condominium ownership
    • Any buildings with data centers, television studios, or trading floors exceeding 10% of gross SF (they are exempt until appropriate adjustments can be made in the EPA PM)
    • All dwelling units
  • Any buildings with data centers, television studios, or trading floors exceeding 10% of gross SF (they are exempt until appropriate adjustments can be made in the EPA PM)
  • All dwelling units

Residential Buildings
  • Buildings over 50,000 SF, or two or more buildings together exceeding 100,000 SF that either share a tax lot or are held by the same condominium ownership,
  • Applies to:
    • Base building and master meters
    • Spaces within occupancy group R-1 (i.e. college dorms and supportive housing)
    • Non-residential spaces within multi-family buildings (such as ground floor retail)
    • Dwelling units and spaces serving these units within occupancy groups R-2 and R-3 (all long-term residences)
    • Spaces within occupancy group A-3 that are within a house of worship
  • All residential property classified as Class One under subdivision one of Section 1802 of the Real Property Tax Law, which includes:
  • 1,2,or 3-family non-co-op or non-condo residences and dwelling spaces
  • Co-ops or condos with 3 or less dwellings
  • Condos 3 or less stories high, provided that none were previously classified as non-condos
  • Dwelling units and spaces serving these units within occupancy groups R-2 and R-3 (all long-term residences)
  • Spaces within occupancy group A-3 that are within a house of worship 

Engineered Tax Services is a leading source of funding the efforts to increase the efficiency of buildings through better energy management and tax incentives.

Our comprehensive services help clients understand their current energy performance, assess the strengths and weaknesses of their portfolios, and then determine and implement feasible solutions to effectively improve energy performance.

Engineered Tax Services (ETS) will conduct an interview with the building’s facility manager to go over procedures and to assist in the collection of required data. We will then collate, organize, and upload the data into Portfolio Manager. ETS will input necessary information to account for multi-tenant, separately metered tenants, and various building uses, if needed. We will obtain the resulting Portfolio Manager National Energy Star Performance Rating results for the building, explain the rating to the client, and file all necessary documents to satisfy NYC’s requirements. Your data is your data. All building owner Portfolio Manager account information will be provided to ownership. Depending upon your requirements, ETS will either upload the data directly to Portfolio Manager or to an online “dashboard” program of your choosing.

We marry the science of engineering with the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimized tax payments and maximum return on investment. Since EPAct was enacted, ETS has been at the forefront of the energy accreditation and related tax benefits field. Contact us today to find out how you can benefit from compliance with this new law.

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