In the mid-twentieth century, asbestos was an innovative product for industries because it is fire, temperature, and chemical resistant, durable, and flexible. With these characteristics, it was used in a wide range of applications. Only years later it was determined that it caused a variety of life-threatening ailments. In the twenty-first century, it is commonly known that carbon emissions add stress to our health, environment, and quality of life. Since the inception of the industrial age, a nation's carbon footprint reduction reflect its economic strength and growth. While nations put this growth as a priority to advance the standard of living of their citizens, we are now seeing that it is compromising many aspects that we have taken for granted.
History seems to be repeating itself: carbon is the new asbestos. As a result, there is a united global initiative to remove carbon from our world. Countries all over the world are in the mindset of re-inventing their economic goals, where net-zero decarbonization jobs drive the GDP growth. New York has the nation's most ambitious plan for removing its carbon emissions.
In New York City, the building stock is responsible for emitting most of the carbon emissions and the largest energy consumption by the end-use sector. This problem, in turn, creates a new engine for innovation and solutions. Property owners and developers that are embracing this change are monetizing on the legislation, technologies, and incentives to improve their bottom lines.
STRATCO is a premier Energy Efficiency strategy firm for the NYC building stock. There are multiple incentives available to individuals and companies who choose to participate in programs related to sustainable development and the decarbonization of the built environment. In 2021 alone, STRATCO earned the following:
- Fully funded (subsidized) energy audits on its clients building portfolios
- Up to 30% cost coverage in high-efficiency boilers model upgrades
- 60% cost coverage on electrification of HVAC installs in new construction buildings
- Up to 100% cost coverage on EV charging stations
