Local Law 97 penalty estimate
8416 ROCKAWAY BEACH BLVD ROCKWY BCH NY 11693: $1,161,373/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$1,161,373/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 8416 ROCKAWAY BEACH BLVD ROCKWY BCH NY 11693 will be 4,333 tons over the cap.
- Penalty is $268/ton over the cap, $1,161,373 total
415 ton cap4,333 over
What is the estimated penalty for 8416 ROCKAWAY BEACH BLVD ROCKWY BCH NY 11693 right now?
$1,088,112/year
- NYC caps a building's yearly greenhouse gas emissions.
- 8416 ROCKAWAY BEACH BLVD ROCKWY BCH NY 11693 is 4,060 tons over the emissions cap.
- Penalty is $268/ton over the cap, $1,088,112 total
688 ton cap4,060 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 688 to 415 tons.
How much would the building need to cut its emissions to avoid the penalty?
92% less emissions than today
- This building must emit 92% 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
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