Local Law 97 penalty estimate
31 West 71 Street may pay $23,506/year in fees starting in 2030
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Why is this property expected to pay a fee beginning in 2030?
- Beginning in 2030, the city drops the emissions cap by 47%.
- At the same energy use, 31 West 71 Street will be 88 tons over the cap.
- Penalty is $268/ton over the cap, $23,506 total
0Cap: 135 tons223 tons emitted
What is the estimated penalty for 31 West 71 Street right now?
$7,163/year
- NYC caps a building's yearly greenhouse gas emissions.
- 31 West 71 Street is 27 tons over the emissions cap.
- Penalty is $268/ton over the cap, $7,163 total
0Cap: 254 tons281 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 47% in 2030, from 254 to 135 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 281 to 223 tons.
- Energy use is held the same.
- Tons over go from 27 to 88 tons.
How much would the building need to cut its emissions to avoid the penalty?
40% less emissions than today
- This building must emit 40% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 31 West 71 Street?
61/100, grade C
- 31 West 71 Street scores 61 out of 100 for energy efficiency.
- That is grade C on the city's scale. 50 is typical for its type.
- It uses 174 kBtu per sq ft a year.
DCBA
610100
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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