Local Law 97 penalty estimate
29-01 216 ST: $220,612 a year from 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$220,612/year
- Beginning in 2030, the city drops the emissions cap by 50%.
- At the same energy use, 29-01 216 ST will be 823 tons over the cap.
- Penalty is $268/ton over the cap, $220,612 total
1,253 ton cap823 over
What is the estimated penalty for 29-01 216 ST right now?
$559/year
- NYC caps a building's yearly greenhouse gas emissions.
- 29-01 216 ST is 2 tons over the emissions cap.
- Penalty is $268/ton over the cap, $559 total
2,496 ton cap2 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 50% in 2030, from 2,496 to 1,253 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 2,498 to 2,076 tons.
- Energy use is held the same.
- Tons over go from 2 to 823 tons.
How much would the building need to cut its emissions to avoid the penalty?
40% less emissions than today
- This building must emit 40% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 29-01 216 ST?
57/100, grade C
- 29-01 216 ST scores 57 out of 100 for energy efficiency.
- That is grade C on the city's scale. 50 is typical for its type.
- It uses 373 kBtu per sq ft a year.
DCBA
570100
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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