Local Law 97 penalty estimate
29 AVENUE W: $1,183,903/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$1,183,903/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 29 AVENUE W will be 4,418 tons over the cap.
- Penalty is $268/ton over the cap, $1,183,903 total
7,447 ton cap4,418 over
What is the estimated penalty for 29 AVENUE W right now?
$227,315/year
- NYC caps a building's yearly greenhouse gas emissions.
- 29 AVENUE W is 848 tons over the emissions cap.
- Penalty is $268/ton over the cap, $227,315 total
12,351 ton cap848 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 12,351 to 7,447 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 13,199 to 11,865 tons.
- Energy use is held the same.
- Tons over go from 848 to 4,418 tons.
How much would the building need to cut its emissions to avoid the penalty?
38% less emissions than today
- This building must emit 38% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 29 AVENUE W?
21/100, grade D
- 29 AVENUE W scores 21 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 126 kBtu per sq ft a year.
DCBA
210100
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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