Local Law 97 penalty estimate
1641 MADISON AVENUE: $560,105/year in fees starting in 2030
Loading map
What would the estimated penalty be in 2030, assuming nothing changes?
$560,105/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 1641 MADISON AVENUE will be 2,090 tons over the cap.
- Penalty is $268/ton over the cap, $560,105 total
2,475 ton cap2,090 over
What is the estimated penalty for 1641 MADISON AVENUE right now?
$302,511/year
- NYC caps a building's yearly greenhouse gas emissions.
- 1641 MADISON AVENUE is 1,129 tons over the emissions cap.
- Penalty is $268/ton over the cap, $302,511 total
4,105 ton cap1,129 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 4,105 to 2,475 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 5,234 to 4,565 tons.
- Energy use is held the same.
- Tons over go from 1,129 to 2,090 tons.
How much would the building need to cut its emissions to avoid the penalty?
46% less emissions than today
- This building must emit 46% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
How energy efficient is 1641 MADISON AVENUE?
6/100, grade D
- 1641 MADISON AVENUE scores 6 out of 100 for energy efficiency.
- That is grade D on the city's scale. 50 is typical for its type.
- It uses 146 kBtu per sq ft a year.
DCBA
60100
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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Similar buildings in Manhattan
- 44 MACOMBS PLACE$144,463 a year from 2030
- 45 RUTGERS STREET$1,631,507 a year from 2030
- 568 Grand Street$2,568,357 a year from 2030
- 45 East 89th Street$110,243 a year from 2030
- 288 10TH AVENUE$293,570 a year from 2030