Many Manhattan Condo buyers are going green and are willing to pay more for green luxury living. LEED certified homes combine systems that together create a holistically green building that is much more than energy savings. Energy, indoor air quality, water consumption, sustainable sites, landscaped roofs all create an environmentally friendly building.
To receive LEED certificate a building has to earn 26 of 69 points on a scale created by the (LEED) Leadership in Energy and Environmental Design, the country's most popular green benchmark. Certification of silver, gold or platinum can happen up to a year after the building is completed. Green buildings are required to be 14 per cent more efficient than regular building codes dictate.
From Harlem to Battery Park City there are green buildings. Several new developments in Manhattan that have been LEED certified have sold at at higher price per square foot than non green new developments. The Harrison on the Upper West Side, The Brompton and Lucida on the Upper East Side, One Jackson Square in the Meatpacking district in the West Village and The Visionaire in Battery Park area just a few new green condos that have sold at premiums and so are their resales.
many buyers today will pay a premium for a "green home"
In 2008 the NY state legislature approved City tax credits for installing solar panels on homes and businesses - encouraging private property owners to join the growing movement toward the use of renewable power.
Another bill, that passed, allows those who generate renewable power to sell what is unused back to the system, an incentive for individuals and businesses to install technology like solar panels.
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