Local Law 97 penalty estimate
102-01 66 Road: $168,184/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$168,184/year
- Beginning in 2030, the city drops the emissions cap by 50%.
- At the same energy use, 102-01 66 Road will be 628 tons over the cap.
- Penalty is $268/ton over the cap, $168,184 total
2,224 ton cap628 over
What is the estimated penalty for 102-01 66 Road right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 102-01 66 Road is 1,399 tons under the emissions cap.
- So it owes no penalty.
Emitted 3,039Allowed 4,438
Why does the penalty change in 2030?
- The emissions cap will be lowered by 50% in 2030, from 4,438 to 2,224 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 3,039 to 2,851 tons.
- Energy use is held the same.
- Tons over go from 0 to 628 tons.
How much would the building need to cut its emissions to avoid the penalty?
22% less emissions than today
- This building must emit 22% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 102-01 66 Road?
100/100, grade A
- 102-01 66 Road scores 100 out of 100 for energy efficiency.
- That is grade A on the city's scale. 50 is typical for its type.
- It uses 293 kBtu per sq ft a year.
DCBA
1000100
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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