{"id":2359,"date":"2025-09-26T08:41:25","date_gmt":"2025-09-26T08:41:25","guid":{"rendered":"https:\/\/www.thecotocongroup.com\/?p=2359"},"modified":"2026-05-15T13:10:22","modified_gmt":"2026-05-15T13:10:22","slug":"go-for-an-energy-audit","status":"publish","type":"post","link":"https:\/\/thecotocongroup.com\/blog\/go-for-an-energy-audit\/","title":{"rendered":"Worried about Cooling Costs in the Summer? Go for an Energy Audit!"},"content":{"rendered":"

Hot summers in New York City and across the U.S. are driving up energy bills like never before. Air conditioning alone can make up nearly half of your summer utility costs, especially as extreme heat events become more common. With energy prices continuing to rise, staying cool isn\u2019t just a comfort issue\u2014it\u2019s a financial challenge.<\/span><\/p>\n

Fortunately, there\u2019s a solution: an energy audit. It\u2019s a proven way to cut costs, optimize your building\u2019s performance, and ensure compliance with NYC\u2019s strict energy laws.<\/span><\/p>\n

<\/span>Why Energy Costs Are a Bigger Challenge in 2025<\/b><\/span><\/h2>\n

In 2025, cooling costs are being driven by multiple factors:<\/span><\/p>\n

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  1. Electricity prices remain high<\/b> \u2013 According to the U.S. Energy Information Administration (EIA), electricity prices rose 5% in 2024 and are projected to climb further in 2025 as demand continues to rise.<\/span>
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  2. Natural gas volatility<\/b> \u2013 Nearly 40% of U.S. electricity is still generated from natural gas. Price fluctuations directly impact the cost per kilowatt-hour, making bills unpredictable.<\/span>
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  3. Climate change and extreme weather<\/b> \u2013 Heat waves are placing huge stress on the electric grid, driving wholesale prices higher and causing supply shortages in some areas.<\/span>
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  4. Inflation and infrastructure strain<\/b> \u2013 Rising inflation and ageing utility infrastructure mean that energy costs are unlikely to stabilise anytime soon.<\/span>
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    For NYC building owners, these challenges are layered with Local Law requirements like:<\/span><\/p>\n