Local Law 97 penalty estimate
45-18 COURT SQUARE: $83,615/year in fees starting in 2030
What would the estimated penalty be in 2030, assuming nothing changes?
$83,615/year
- Beginning in 2030, the city drops the emissions cap by 46%.
- At the same energy use, 45-18 COURT SQUARE will be 312 tons over the cap.
- Penalty is $268/ton over the cap, $83,615 total
965 ton cap312 over
What is the estimated penalty for 45-18 COURT SQUARE right now?
$52,033/year
- NYC caps a building's yearly greenhouse gas emissions.
- 45-18 COURT SQUARE is 194 tons over the emissions cap.
- Penalty is $268/ton over the cap, $52,033 total
1,803 ton cap194 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 46% in 2030, from 1,803 to 965 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 1,997 to 1,277 tons.
- Energy use is held the same.
- Tons over go from 194 to 312 tons.
How much would the building need to cut its emissions to avoid the penalty?
25% less emissions than today
- This building must emit 25% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 45-18 COURT SQUARE?
23/100, grade D
- 45-18 COURT SQUARE scores 23 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 129 kBtu per sq ft a year.
DCBA
230100
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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