Local Law 97 penalty estimate
59-50 61 Street: $1,294,573/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$1,294,573/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 59-50 61 Street will be 4,830 tons over the cap.
- Penalty is $268/ton over the cap, $1,294,573 total
1,298 ton cap4,830 over
What is the estimated penalty for 59-50 61 Street right now?
$1,065,454/year
- NYC caps a building's yearly greenhouse gas emissions.
- 59-50 61 Street is 3,976 tons over the emissions cap.
- Penalty is $268/ton over the cap, $1,065,454 total
2,153 ton cap3,976 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 2,153 to 1,298 tons.
How much would the building need to cut its emissions to avoid the penalty?
79% less emissions than today
- This building must emit 79% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 59-50 61 Street?
1/100, grade D
- 59-50 61 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 362 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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