Local Law 97 penalty estimate
1 E. 66th St.: $5,845/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$5,845/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 1 E. 66th St. will be 22 tons over the cap.
- Penalty is $268/ton over the cap, $5,845 total
Cap: 678 tons
0700 tons emitted
What is the estimated penalty for 1 E. 66th St. right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 1 E. 66th St. is 296 tons under the emissions cap.
- So it owes no penalty.
Cap: 1,124 tons
0828 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 1,124 to 678 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 828 to 700 tons.
- Energy use is held the same.
- Tons over go from 0 to 22 tons.
How much would the building need to cut its emissions to avoid the penalty?
4% less emissions than today
- This building must emit 4% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 1 E. 66th St.?
9/100, grade D
- 1 E. 66th St. scores 9 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 83 kBtu per sq ft a year.
DCBA
90100
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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