Adopting Policies to Save Money and the Environment Green in Real Life

 The emergence of environmental problems and the corresponding need to reduce  carbon emissions, combined with tough economic conditions worldwide, is leading  more multifamily residential communities to work toward conserving energy and  becoming more “green.” In recent years, being green has become more than just a trendy buzzword—for many Garden State HOAs, it’s now a way of life. More and more communities are adopting and implementing  environmentally-sensitive policies, and intentionally using more eco-friendly  products.  

 Taking a greener course makes sense for many residents, who see helping the  environment and saving money for their association’s operating expenses as worthy benefits of using green practices in their  communities. While many residents recognize the value in being environmentally  friendly, and will often pay a premium to do so, some green measures can be  implemented in a community without being prohibitively expensive. Not only  board members and property managers, but average residents also can take  advantage of the green programs available to help defray the cost of greening  their developments. Starting the process is often as simple as going online,  finding the pertinent information and applying for the program right then and  there.  

 Looking for Green

 Opportunities and options for going green are constantly multiplying.  Municipalities, states and the federal government offer aid in the form of tax  credits, free equipment upgrades, and other incentives for green measures, and  more eco-friendly products are delivered to market each year.  

 Decades ago, there were no government-sponsored energy/environmental  preservation incentive programs for multifamily buildings. But as public  awareness has grown regarding the effect of daily activities on the  environment, green programs have proliferated. Greater demand is driving the  increase in green options, and now residents of multifamily communities and  buildings can find savings by upgrading their homes with more eco-friendly  materials and appliances.  

 “If you replace a piece of equipment with higher efficiency equipment, you might  be able to get a rebate,” says Mitch Frumkin, a Certified Green Professional, a licensed professional  engineer and president of the North Brunswick-based engineering consulting firm  Kipcon, Inc.  

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