Local Law 97 penalty estimate
1081 3 AVENUE: $127,792/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$127,792/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 1081 3 AVENUE will be 477 tons over the cap.
- Penalty is $268/ton over the cap, $127,792 total
938 ton cap477 over
What is the estimated penalty for 1081 3 AVENUE right now?
$31,404/year
- NYC caps a building's yearly greenhouse gas emissions.
- 1081 3 AVENUE is 117 tons over the emissions cap.
- Penalty is $268/ton over the cap, $31,404 total
1,556 ton cap117 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 1,556 to 938 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 1,673 to 1,415 tons.
- Energy use is held the same.
- Tons over go from 117 to 477 tons.
How much would the building need to cut its emissions to avoid the penalty?
34% less emissions than today
- This building must emit 34% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 1081 3 AVENUE?
82/100, grade B
- 1081 3 AVENUE scores 82 out of 100 for energy efficiency.
- That is grade B on the city's scale. 50 is typical for its type.
- It uses 121 kBtu per sq ft a year.
DCBA
820100
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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