31-49 29th Street may pay $14,397/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 54 tons over the cap, a $14,397 penalty.
0Cap: 124 tons178
What is the estimated penalty for 31-49 29th Street right now?
$0/year
- 31-49 29th Street is 10 tons under the emissions cap.
- So it may not owe a penalty.
0Cap: 205 tons
How will this property’s penalty change in 2030?
- The emissions cap will be lowered by 40% in 2030, from 205 to 124 tons.
- A cleaner grid cuts emissions from 195 to 178 tons by 2030. Current trends put it 54 tons over the cap, up from 0.
How much would the building need to cut its emissions to avoid the penalty?
31% less emissions than today
How energy efficient is 31-49 29th Street?
31/100, grade D
- It scores 31 out of 100 (grade D), which is below average compared to its peers.
- It uses 113 kBtu per sq ft a year.
DCBA
310100
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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