Local Law 97 penalty estimate
760 Broadway: $563,761 a year from 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$563,761/year
- Beginning in 2030, the city drops the emissions cap by 50%.
- At the same energy use, 760 Broadway will be 2,104 tons over the cap.
- Penalty is $268/ton over the cap, $563,761 total
12,833 ton cap2,104 over
What is the estimated penalty for 760 Broadway right now?
$0/year
- NYC caps a building's yearly greenhouse gas emissions.
- 760 Broadway is 6,471 tons under the emissions cap.
- So it owes no penalty.
Emitted 19,141Allowed 25,612
Why does the penalty change in 2030?
- The emissions cap will be lowered by 50% in 2030, from 25,612 to 12,833 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 19,141 to 14,937 tons.
- Energy use is held the same.
- Tons over go from 0 to 2,104 tons.
How much would the building need to cut its emissions to avoid the penalty?
15% less emissions than today
- This building must emit 15% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 760 Broadway?
20/100, grade D
- 760 Broadway scores 20 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 279 kBtu per sq ft a year.
DCBA
200100
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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