In 2019, New York City enacted Local Law 97 to help reduce greenhouse gas emissions. The law requires buildings over 25,000 square feet to reduce carbon emissions by 40% by the year 2030 and 80% by 2050.
To comply, building owners and managers must submit annual emission reports beginning May 1, 2025 to prove their building’s 2024 emissions are below the limits. Buildings that fail to comply will be subject to massive fines.
Exceeding Emission Limits: $268 for each metric ton over the building’s established limit. For example, a 100,000 sq. ft. multifamily residential building emitting 800 metric tons of carbon would be 145 metric tons over its 2024-2029 targets and pay a fine of $38,860.
Failure to File a Report: $0.50 per building square foot, per month. For example, a 100,000 sq. ft. building would be $50,000 per month.
Providing False Statements: $500,000 fine
To ensure your building is on track to comply, it’s important to understand your building’s current energy usage and annual emissions. You can access this information by reviewing your Local Law 84 Benchmarking Report.
If your building meets the affordable housing criteria, you may choose to implement the 13 Prescriptive Energy Conservation Measures to reduce your building’s emissions and improve energy efficiency. If you follow this path, all applicable Energy Conservation Measures must be fully implemented by December 31, 2024.
If your building does not meet the affordable housing criteria, assessing your building’s status against the 13 Prescriptive Energy Conservation Measures is still a crucial step in estimating costs and prioritizing projects to comply with emission requirements. At Energo, we call this our “13-Point Inspection.”
With Energo’s 13-Point Inspection, our qualified team of in-house mechanical engineers, fully trained technicians, and experienced energy experts will assess your building’s status against each of the 13 Prescriptive Energy Conservation Measures.
We’ll provide a comprehensive report that details the status of each measure, estimated costs if the measures need to be implemented, and estimated carbon emission reductions for each measure, so you can plan and prioritize accordingly.
Navigating Local Law 97 requires the management and coordination of an expert. Energo can help. As a full-service energy provider, Energo’s energy experts are adept at decreasing energy consumption, reducing energy costs, and integrating sustainable solutions to help ensure LL97 compliance.
Reporting begins in 2024 – contact Energo to get started today.
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