312 8th Ave: Local Law 97 penalty estimate: $3,787,965
What is the estimated penalty for 312 8th Ave right now?
$3,787,965/year
- NYC caps a building's yearly greenhouse gas emissions.
- 312 8th Ave is 14,134 tons over the emissions cap.
- Penalty is $268/ton over the cap, $3,787,965 total
1,571 ton cap14,134 over
What would the estimated penalty be in 2030, assuming nothing changes?
$3,955,167/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 312 8th Ave will be 14,758 tons over the cap.
- Penalty is $268/ton over the cap, $3,955,167 total
947 ton cap14,758 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 1,571 to 947 tons.
How much would the building need to cut its emissions to avoid the penalty?
94% less emissions than today
- This building must emit 94% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 312 8th Ave?
1/100, grade D
- 312 8th Ave scores 1 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 1,175 kBtu per sq ft a year.
DCBA
10100
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 are still being checked
- ✓The property type is matched to the city's category
- ○The compliance route the city assigns is not confirmed
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