555 West 173rd Street may pay $35,901/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 134 tons over the cap, a $35,901 penalty.
0Cap: 185 tons319 tons emitted319 tons
What is the estimated penalty for 555 West 173rd Street right now?
$3,274/year
- This property is 12 tons over the cap, a $3,274 penalty.
0Cap: 307 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 307 to 185 tons.
- Current trends put it 134 tons over the cap, up from 12.
How much would the building need to cut its emissions to avoid the penalty?
42% 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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