The state of New York has many goals related to Electrical Vehicle (EV) charging, some of which include deploying over 850,000 EVs by 2025 and creating 10,000 EV charging stations by 2021. To reach this target, multiple incentives with varying benefits have been put into place. Additionally, if your property meets select criteria rebates, STRATCO [...]
STRATCO is a utility rebate aggregator for ConEdison and is seeking Heat Pump Water Heater (HPWH) jobs to apply for rebates for NYC. Why HPWHs? HPWHs are economical and energy efficient- electrification may become a requirement, with many municipalities adopting all-electric reach codes to significantly reduce carbon emissions (over 80%) 50% energy reduction and 60% [...]
During periods of high demand for electricity, there is a struggle to balance the needs of the customers and the grid’s capacity. One way to help alleviate this issue is through the installation of battery storage system. These systems are comprised of rechargeable batteries that store energy from solar arrays or the electric grid and [...]
STRATCO is a utility rebate aggregator for ConEdison and is seeking Air-source Heat Pump (ASHP) and Variable Refrigerant Flow (VRF) jobs to apply for rebates for NYC. Timeline Con Edison has given only until August 31st to submit retroactive application for jobs under construction or completed. Going forward, only jobs in pre-development may be submitted. [...]
The New York State Assembly has drafted proposed legislation addressing “first rents and substantial rehabilitation applications”. Click on this link to watch STRATCO/B6 discuss with Noah Levenson from Butnick & Levenson. If you are seeking key money for your rent regulated units, please email us here. STRATCO has clients/tenants seeking low rent-regulated units to relocate tenants too. Client here to [...]
There is a proposal to reform the tax rates impacting both income and capital gains. President Biden’s proposal to tax capital gains at higher, ordinary income tax rates would lead the U.S. to have the highest top marginal tax rate on capital gains in the Organisation for Economic Co-operation and Development (OECD). The proposal would tax long-term capital gains as [...]
STRATCO rent-regulatory experts can deliver 4-day guaranteed turn around report outlining complex rent regulatory guidelines, legal rent increases, and provide owners with the necessary due-diligence audit tools at any level of an asset cycle. Click here to learn more about DHCR Advisory services. Should you want to engage STRATCO as your DHCR solution provider, contact [...]
With all levels of government inclusive of the city, state, and federal level focusing on expansion and integration of renewable energy, solar power is the most effective renewable technology for NYC properties. Solar power systems derive clean, pure energy from the sun. Installing solar panels on your building helps combat greenhouse gas emissions, decreasing your electricity bills, and improving [...]
There are several advantages to adding solar as part of your environmental advantage. Below we outlined some of the non-cash benefits of such: Solar Panel Tax Abatement The property owner will get a tax abatement equivalent to 20% of the system cost. Your property may be eligible for the abatements codified by the NYS Real [...]
Solar PV panels can be integrated into buildings for electricity generation. Having solar panels in your building can reduce the reliance on fossil fuels and the electric demand on NYC electric grid. STRATCO has partnered with best-in-class industry engineering and installers professionals to add future-proof solar PV technologies to your building. Why Go Solar: Benefits [...]
