Local Law 97 penalty estimate
635 East 12th Street may pay $321,309/year in fees starting in 2030
Loading map
Loading Street View
Why is this property expected to pay a fee beginning in 2030?
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 635 East 12th Street will be 1,199 tons over the cap.
- Penalty is $268/ton over the cap, $321,309 total
0Cap: 571 tons1,770 tons emitted
What is the estimated penalty for 635 East 12th Street right now?
$243,131/year
- NYC caps a building's yearly greenhouse gas emissions.
- 635 East 12th Street is 907 tons over the emissions cap.
- Penalty is $268/ton over the cap, $243,131 total
0Cap: 947 tons1,855 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 947 to 571 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 1,855 to 1,770 tons.
- Energy use is held the same.
- Tons over go from 907 to 1,199 tons.
How much would the building need to cut its emissions to avoid the penalty?
68% less emissions than today
- This building must emit 68% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 635 East 12th Street?
1/100, grade D
- 635 East 12th Street 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 176 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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Manhattan
- 141 West 73 Street$3,202 a year from 2030
- 444 East 75th Street$33,076 a year from 2030
- 189 Allen Street$93,610 a year from 2030
- 178 East 80th Street$34,398 a year from 2030
- 650 Lenox Avenue$54,394 a year from 2030