Local Law 97 penalty estimate
43-09 40th Street may pay $241,845/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 40%.
- At the same energy use, 43-09 40th Street will be 902 tons over the cap.
- Penalty is $268/ton over the cap, $241,845 total
0Cap: 272 tons1,174 tons emitted
What is the estimated penalty for 43-09 40th Street right now?
$204,314/year
- NYC caps a building's yearly greenhouse gas emissions.
- 43-09 40th Street is 762 tons over the emissions cap.
- Penalty is $268/ton over the cap, $204,314 total
0Cap: 450 tons1,213 tons emitted
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 450 to 272 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 1,213 to 1,174 tons.
- Energy use is held the same.
- Tons over go from 762 to 902 tons.
How much would the building need to cut its emissions to avoid the penalty?
77% less emissions than today
- This building must emit 77% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 43-09 40th Street?
1/100, grade D
- 43-09 40th 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 334 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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