Local Law 97 penalty estimate
869 Stanley Ave: $73,965/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$73,965/year
- Beginning in 2030, the city drops the emissions cap by 46%.
- At the same energy use, 869 Stanley Ave will be 276 tons over the cap.
- Penalty is $268/ton over the cap, $73,965 total
Cap: 149 tons
0424 tons emitted
What is the estimated penalty for 869 Stanley Ave right now?
$39,436/year
- NYC caps a building's yearly greenhouse gas emissions.
- 869 Stanley Ave is 147 tons over the emissions cap.
- Penalty is $268/ton over the cap, $39,436 total
Cap: 277 tons
0424 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 46% in 2030, from 277 to 149 tons.
How much would the building need to cut its emissions to avoid the penalty?
65% less emissions than today
- This building must emit 65% 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 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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