Kurt Rieke

Commerce

Solar ambivalence

I am in a partnership that markets solar electric generation systems to residential co-ops. While the residents and Boards are enthusiastic about the concept, and there are several generous state and federal subsidies or tax credits available. Nevertheless, the need to assess, borrow, or tap reserve funds for the initial capital cost pose additional costs to resident shareholders in the buildings that gives them pause in the current environment. The subsidies that encourage green energy development require additional expenditures when everyone is looking to control and minimize their exposure.

215 W 92 St