Local Law 97 penalty estimate
101 Nostrand Ave: $109,090/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$109,090/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 101 Nostrand Ave will be 407 tons over the cap.
- Penalty is $268/ton over the cap, $109,090 total
269 ton cap407 over
What is the estimated penalty for 101 Nostrand Ave right now?
$241,469/year
- NYC caps a building's yearly greenhouse gas emissions.
- 101 Nostrand Ave is 901 tons over the emissions cap.
- Penalty is $268/ton over the cap, $241,469 total
446 ton cap901 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 446 to 269 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 1,346 to 676 tons.
- Energy use is held the same.
- Tons over go from 901 to 407 tons.
How much would the building need to cut its emissions to avoid the penalty?
61% less emissions than today
- This building must emit 61% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How reliable is this estimate?
- This is a planning estimate, not the city's official number.
- Owners report their own energy use, and reports can have mistakes.
- The city makes the final call.
- ✓Energy use comes from the building's own 2024 report to the city
- ✓Emissions rates for 2024 to 2029 match the law
- ✓Emissions rates for 2030 on match the city rule
- ✓The property type is matched to the city's category
- ○The compliance route the city assigns is not confirmed
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