Why is NYC subsidizing Green Roofs in NYC?
This program provides a one-time property tax abatement for properties that have green roofs. Green roofs have vegetation that absorbs rainwater, provides insulation and combats “the heat island effect”, where urban environments can have higher temperatures than surrounding areas.
What is the abatement?
Pending your project size, roof condition, and requested detail you may be able to offset 15% to 50% of your project cost with the NYC Green Roof Abatement.
Green Roof Tax Abatement cap is $200,000 per building, whether in a priority zone, at $15/sf, or in the rest of the city, at $5.23/sf. This equates to a maximum green roof size of 13,300sf in a priority zone, and a 38,200sf green roof elsewhere in the city.
Click on the button below to read the program guidelines:
