88 Franklin Street may pay $21,544/year in fees starting in 2030
Loading map
Loading Street View
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 80 tons over the cap, a $21,544 penalty.
0Cap: 150 tons231 tons emitted231 tons
What is the estimated penalty for 88 Franklin Street right now?
$27,531/year
- This property is 103 tons over the cap, a $27,531 penalty.
0Cap: 249 tons352
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 352 to 231 tons by 2030. Current trends put it 80 tons over the cap, up from 103.
How much would the building need to cut its emissions to avoid the penalty?
35% 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
Own or manage this building?
Get up to 3 quotes from vetted energy contractors.
Get quotes to cut this penalty
Order Compliance Report
Order Portfolio Review
Similar buildings in Manhattan
- 475 Broadway$16,799 a year from 2030
- 475 Broadway$16,619 a year from 2030
- 152-156 East 84th Street$18,006 a year from 2030
- 602 West 190th Street$19,229 a year from 2030
- 251 West 97th Street$9,120 a year from 2030