Local Law 97 penalty estimate
40-01 12th Street may pay $286,098/year in fees starting in 2030
Loading map
Loading Street View
Why is this property expected to pay a fee beginning in 2030?
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 40-01 12th Street will be 1,068 tons over the cap.
- Penalty is $268/ton over the cap, $286,098 total
0Cap: 1,386 tons2,453 tons emitted
What is the estimated penalty for 40-01 12th Street right now?
$41,537/year
- NYC caps a building's yearly greenhouse gas emissions.
- 40-01 12th Street is 155 tons over the emissions cap.
- Penalty is $268/ton over the cap, $41,537 total
0Cap: 2,298 tons2.5k
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 2,298 to 1,386 tons.
How much would the building need to cut its emissions to avoid the penalty?
44% less emissions than today
- This building must emit 44% 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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Queens
- 43-70 Kissena Blvd$95,092 a year from 2030
- 60-02 Little Neck Parkway$93,833 a year from 2030
- 161-04 Harry Van Arsdale Jr. Ave.$111,093 a year from 2030
- 71-50 Parson Blvd$3,989 a year from 2030
- 47-01 49th Street$35,262 a year from 2030