Brooklyn Army Terminal solar garden

NEW YORK CITY—New York City Economic Development Corporation is planning a community solar garden at the Brooklyn Army Terminal. The rooftop solar plan aims to bring affordable, sustainable energy to Sunset Park residents and local industrial businesses. NYCEDC will provide up to 100,000 square feet of rooftop space to pilot the subscription-based, shared solar program.

While the use of solar technology has increased over the years, installation costs, space requirements, and especially with the high number of rental units and multifamily properties, rooftop ownership can make investing in solar energy difficult for New Yorkers. By using space at the Brooklyn Army Terminal campus, NYCEDC plans to offset individual costs for solar energy.

Subscribers of the program will pay a monthly membership fee, rather than an electricity bill. The city notes similar programs have been successfully launched in Sacramento, Washington State, and the University of Maryland, resulting in energy cost-savings.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.