Local Law 97 penalty estimate
45 RUTGERS STREET: $1,631,507/year in fees starting in 2030
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What would the estimated penalty be in 2030, assuming nothing changes?
$1,631,507/year
- Beginning in 2030, the city drops the emissions cap by 40%.
- At the same energy use, 45 RUTGERS STREET will be 6,088 tons over the cap.
- Penalty is $268/ton over the cap, $1,631,507 total
2,394 ton cap6,088 over
What is the estimated penalty for 45 RUTGERS STREET right now?
$1,474,112/year
- NYC caps a building's yearly greenhouse gas emissions.
- 45 RUTGERS STREET is 5,500 tons over the emissions cap.
- Penalty is $268/ton over the cap, $1,474,112 total
3,971 ton cap5,500 over
Why does the penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 3,971 to 2,394 tons.
- NYC's grid will become cleaner by 2030, reducing this building's projected emissions from 9,471 to 8,482 tons.
- Energy use is held the same.
- Tons over go from 5,500 to 6,088 tons.
How much would the building need to cut its emissions to avoid the penalty?
72% less emissions than today
- This building must emit 72% less to avoid penalties.
- Owners can utilize energy efficiency upgrades or switch from gas or oil to electric.
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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