Local Law 97 penalty estimate
2086 2nd Ave: $1,234,328/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$1,234,328/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 2086 2nd Ave will be 4,606 tons over the cap.
- Penalty is $268/ton over the cap, $1,234,328 total
505 ton cap4,606 over
What is the estimated penalty for 2086 2nd Ave right now?
$1,338,791/year
- NYC caps a building's yearly greenhouse gas emissions.
- 2086 2nd Ave is 4,995 tons over the emissions cap.
- Penalty is $268/ton over the cap, $1,338,791 total
837 ton cap4,995 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 837 to 505 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 5,832 to 5,110 tons.
- Energy use is held the same.
- Tons over go from 4,995 to 4,606 tons.
How much would the building need to cut its emissions to avoid the penalty?
91% less emissions than today
- This building must emit 91% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 2086 2nd Ave?
1/100, grade D
- 2086 2nd Ave scores 1 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 804 kBtu per sq ft a year.
DCBA
10100
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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