FINANCING

GREEN

ROOFS

Before installing a green roof, consider the initial construction investment, maintenance cost, return on investment, and financing options, including grants and tax incentives provided by NYC and other entities.

Green Roof Costs & Savings FAQ

What is the Green Roof Tax Abatement?


State legislators passed A4740, a $5.23 tax break for green spaces, including green roofs in 2008; Resolution 66 triples the existing tax break until 2024 from $5.23/sqft to $15/sqft of green space in priority districts, to be determined by the city in 2019. Visit The NYC Green Roof Tax Abatement website to learn about eligibility requirements and how to apply.




Are there funding options outside of NYC?


The Hudson River Valley Greenway Grant will provide funding for green infrastructure projects to residents within eligible Hudson Valley communities.




Are there community-specific grants?


Greenpoint Community Environmental Fund (GCEF) is an environmental grant program created by the State of New York with monies obtained through a settlement with ExxonMobil over the Greenpoint oil spill. The grant covers green infrastructure projects in Greenpoint, Brooklyn. To date, GCEF’s total investment in improving Greenpoint’s environment is over $67 million.




Are there grant matching programs?


The Climate Smart Communities Grant is a 50/50 matching grant program for municipalities pursuing projects that support climate change adaptation and the local reduction of greenhouse gas emissions. Green Innovation Grant Program through the Governor's Consolidated Funding Application (CFA), supports projects across New York State that utilize unique stormwater infrastructure design and create cutting-edge green technologies. GIGP-funded projects may be found from Buffalo to the end of Long Island, and range from rain gardens to stream daylighting.




Does the Water Quality Improvement Project Grant cover green roofs?


Yes, the Water Quality Improvement Project (WQIP) is a statewide reimbursement grant program that funds projects that directly address documented water quality impairments or protect a drinking water source.





Green Infrastructure Grant FAQ

What is the DEP Green Infrastructure Grant?


The Green Infrastructure Grant has helped fund over 30 green roofs since its inception in 2011. This grant program, funded by the New York City Department of Environmental Protection (DEP), is an incentive for private property owners to retrofit their NYC rooftops with green roofs.




What are the Green Infrastructure Grant eligibility requirements?


As of 2019, a green roof retrofit must be 3,500 square feet, have a minimum of 1.5 inch soil depth, and manage at least 1 inch of rainfall. Visit the DEP’s website for the most up-to-date eligibility requirements.




What will the grant cover?


Funding is for the design and construction of green roof retrofits on private property. The amount is determined by the green roof area (GRA) and soil depth. The grant will reimburse $10 to $30 per square foot for an eligible green roof.




What are the steps to submit an application?


Private property owners within New York City's five boroughs are encouraged to apply for the Green Infrastructure Grant. Prior to submitting an application, schedule a preliminary meeting with a DEP representative to ensure the project is viable and to discuss timelines. Be prepared to review the structural integrity of the roof, the project size, and which sewer drainage area the building is in, as these are essential for the project to move forward.




What else should I know before considering an application?


Property owners must execute a funding agreement with the DEP. Included in the funding agreement is a Declaration of Restrictive Covenant, which requires the property owner to commit to maintaining the green roof for at least 20 years. The funding agreement and the Declaration are available on the DEP’s website and should be reviewed by the property owner and their legal counsel prior to submitting an application.





Additional Green Roof Funding FAQ

What is the Green Roof Tax Abatement?


State legislators passed A4740, a $5.23 tax break for green spaces, including green roofs in 2008; Resolution 66 triples the existing tax break until 2024 from $5.23/sqft to $15/sqft of green space in priority districts, to be determined by the city in 2019. Visit The NYC Green Roof Tax Abatement website to learn about eligibility requirements and how to apply.




Are there funding options outside of NYC?


The Hudson River Valley Greenway Grant will provide funding for green infrastructure projects to residents within eligible Hudson Valley communities.




Are there community-specific grants?


Greenpoint Community Environmental Fund (GCEF) is an environmental grant program created by the State of New York with monies obtained through a settlement with ExxonMobil over the Greenpoint oil spill. The grant covers green infrastructure projects in Greenpoint, Brooklyn. To date, GCEF’s total investment in improving Greenpoint’s environment is over $67 million.




Are there grant matching programs?


The Climate Smart Communities Grant is a 50/50 matching grant program for municipalities pursuing projects that support climate change adaptation and the local reduction of greenhouse gas emissions. Green Innovation Grant Program through the Governor's Consolidated Funding Application (CFA), supports projects across New York State that utilize unique stormwater infrastructure design and create cutting-edge green technologies. GIGP-funded projects may be found from Buffalo to the end of Long Island, and range from rain gardens to stream daylighting.




Does the Water Quality Improvement Project Grant cover green roofs?


Yes, the Water Quality Improvement Project (WQIP) is a statewide reimbursement grant program that funds projects that directly address documented water quality impairments or protect a drinking water source.





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The Green Roof Researchers Alliance is funded by The New York Community Trust, A.P.J. O’Connor Fund, and the LuEsther T. Mertz Fund