475 Broadway may pay $16,799/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 63 tons over the cap, a $16,799 penalty.
0Cap: 150 tons213
What is the estimated penalty for 475 Broadway right now?
$7,275/year
- This property is 27 tons over the cap, a $7,275 penalty.
0Cap: 249 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 249 to 150 tons.
- A cleaner grid cuts emissions from 276 to 213 tons by 2030. Current trends put it 63 tons over the cap, up from 27.
How much would the building need to cut its emissions to avoid the penalty?
30% 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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