304 Spring Street
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Is this property expected to be penalized in 2030 at current energy use?
- Beginning in 2030, NYC drops the emissions cap by 41%.
- At the same energy use, this property will stay under the cap.
- So it may not owe a penalty.
0Cap: 134 tons
What is the estimated penalty for 304 Spring Street right now?
$0/year
- 304 Spring Street is 111 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 228 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 41% in 2030, from 228 to 134 tons.
- A cleaner grid cuts emissions from 117 to 85 tons by 2030.
How much would the building need to cut its emissions to avoid the penalty?
- No cut is needed.
- At its current energy use it stays under the 2030 cap.
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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