Local Law 97 penalty estimate
616 Academy St: $9,562/year in fees starting in 2030
What would the estimated penalty be in 2030, assuming nothing changes?
$9,562/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 616 Academy St will be 36 tons over the cap.
- Penalty is $268/ton over the cap, $9,562 total
182 ton cap36 over
What is the estimated penalty for 616 Academy St right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 616 Academy St is 62 tons under the emissions cap.
- So it owes no penalty.
Emitted 241Allowed 303
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 303 to 182 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 241 to 218 tons.
- Energy use is held the same.
- Tons over go from 0 to 36 tons.
How much would the building need to cut its emissions to avoid the penalty?
17% less emissions than today
- This building must emit 17% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 616 Academy St?
80/100, grade B
- 616 Academy St scores 80 out of 100 for energy efficiency.
- That is grade B on the city's scale. 50 is typical for its type.
- It uses 72 kBtu per sq ft a year.
DCBA
800100
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 match of this property type to the city's category is still being checked
- ○The compliance route the city assigns is not confirmed
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