Local Law 97 penalty estimate
300 Albany Street: $28,367/year in fees starting in 2030
Loading map
Open Street View
Loading Street View
What would the estimated penalty be in 2030, assuming nothing changes?
$28,367/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 300 Albany Street will be 106 tons over the cap.
- Penalty is $268/ton over the cap, $28,367 total
Cap: 297 tons
0403 tons emitted
What is the estimated penalty for 300 Albany Street right now?
$11,745/year
- NYC caps a building's yearly greenhouse gas emissions.
- 300 Albany Street is 44 tons over the emissions cap.
- Penalty is $268/ton over the cap, $11,745 total
Cap: 492 tons
0536 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 492 to 297 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 536 to 403 tons.
- Energy use is held the same.
- Tons over go from 44 to 106 tons.
How much would the building need to cut its emissions to avoid the penalty?
27% less emissions than today
- This building must emit 27% 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
- ○The report's listed uses cover under 95% of the floor area
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Manhattan
- 230 W. End Avenue$59,178 a year from 2030
- 97 Sherman Ave$37,905 a year from 2030
- 162 West 54th Street$57,495 a year from 2030
- 321 West 78 Street$30,277 a year from 2030
- 561 West 141st Street$28,431 a year from 2030