Local Law 97 penalty estimate
1000 Grand Concourse: $34,255/year in fees starting in 2030
What would the estimated penalty be in 2030, assuming nothing changes?
$34,255/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 1000 Grand Concourse will be 128 tons over the cap.
- Penalty is $268/ton over the cap, $34,255 total
536 ton cap128 over
What is the estimated penalty for 1000 Grand Concourse right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 1000 Grand Concourse is 157 tons under the emissions cap.
- So it owes no penalty.
Emitted 732Allowed 888
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 888 to 536 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 732 to 663 tons.
- Energy use is held the same.
- Tons over go from 0 to 128 tons.
How much would the building need to cut its emissions to avoid the penalty?
20% less emissions than today
- This building must emit 20% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 1000 Grand Concourse?
40/100, grade D
- 1000 Grand Concourse scores 40 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 97 kBtu per sq ft a year.
DCBA
400100
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 the Bronx
- 428 East 137th Street$7,260 a year from 2030
- 810 East 152nd Street$18,290 a year from 2030
- 640 WEST 237 STREET$10,099 a year from 2030
- 3611 Henry Hudson Parkway$14,667 a year from 2030
- 2084 Bronx Park East$80,353 a year from 2030