Local Law 97 penalty estimate
7040 COLONIAL ROAD: $2,420/year in fees starting in 2030
What would the estimated penalty be in 2030, assuming nothing changes?
$2,420/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 7040 COLONIAL ROAD will be 9 tons over the cap.
- Penalty is $268/ton over the cap, $2,420 total
279 ton cap9 over
What is the estimated penalty for 7040 COLONIAL ROAD right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 7040 COLONIAL ROAD is 140 tons under the emissions cap.
- So it owes no penalty.
Emitted 322Allowed 462
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 462 to 279 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 322 to 288 tons.
- Energy use is held the same.
- Tons over go from 0 to 9 tons.
How much would the building need to cut its emissions to avoid the penalty?
4% less emissions than today
- This building must emit 4% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 7040 COLONIAL ROAD?
65/100, grade C
- 7040 COLONIAL ROAD scores 65 out of 100 for energy efficiency.
- That is grade C on the city's scale. 50 is typical for its type.
- It uses 81 kBtu per sq ft a year.
DCBA
650100
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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Brooklyn
- 990 President Street$15,127 a year from 2030
- 580 Empire Boulevard$29,706 a year from 2030
- 110 HUMBOLDT STREET$83,448 a year from 2030
- 1811 Quentin Road$11,157 a year from 2030
- 3401 Avenue J$7,323 a year from 2030