Local Law 97 penalty estimate
55-65 Bay 34 street may pay $5,587/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, 55-65 Bay 34 street will be 21 tons over the cap.
- Penalty is $268/ton over the cap, $5,587 total
0Cap: 174 tons195 tons emitted
What is the estimated penalty for 55-65 Bay 34 street right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 55-65 Bay 34 street is 73 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 289 tons216 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 289 to 174 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 216 to 195 tons.
- Energy use is held the same.
- Tons over go from 0 to 21 tons.
How much would the building need to cut its emissions to avoid the penalty?
11% less emissions than today
- This building must emit 11% 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 Brooklyn
- 1953 70th st$46,975 a year from 2030
- 2601 Farragut Road$12,916 a year from 2030
- 15 Albany Avenue$40,244 a year from 2030
- 836 Montgomery Street$546 a year from 2030
- 35 Winthrop Street$2,899 a year from 2030