Local Law 97 penalty estimate
48 Starr Street may pay $14/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, NYC drops the emissions cap by 40%.
- At the same energy use, this property will be 0 tons over the cap, a $14 penalty.
0Cap: 17 tons
What is the estimated penalty for 48 Starr Street right now?
$0/year
- 48 Starr Street is 8 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 28 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 28 to 17 tons.
- A cleaner grid cuts emissions from 20 to 17 tons by 2030. Current trends put it 0 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?
1% less emissions than today
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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