Local Law 97 penalty estimate
397 W. 12th St. may pay $14,651/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 55 tons over the cap.
- Penalty is $268/ton over the cap, $14,651 total
0Cap: 114 tons169 tons emitted169 tons
What is the estimated penalty for 397 W. 12th St. right now?
$15,093/year
- 397 W. 12th St. is 56 tons over the emissions cap.
- Penalty is $268/ton over the cap, $15,093 total
0Cap: 189 tons245
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 189 to 114 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 245 to 169 tons.
- At the same energy use, this property goes from 56 to 55 tons over the cap.
How much would the building need to cut its emissions to avoid the penalty?
33% 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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