Kilfinane Energy Can Help You Comply With Complex & Changing Rules:
Owners of buildings greater than 25,000 square feet in the 5 boroughs of NYC must be proactive to ensure strict compliance with the New York City Greener Greater Building Plan. Designed to create a greener and more resilient urban landscape, local laws create strict and precise requirements that must be achieved, or the building owner can face serious consequences.
Some of the more mportant Local Laws include:
Local Law 84 requires annual benchmarking and disclosure of energy and water usage information.
Local Law 88 requires lighting to comply with NYC Energy Conservation Codes by 2025. Expanded by Local Laws 132 and 134 to require submetering of all non-residential tenant space greater than 5000 square feet.
Local Law 97 Requires Reduction In Greenhouse Gas Emissions
Objective: Local Law 97 aims to significantly reduce greenhouse gas emissions from large buildings in New York City. It is part of the city's broader Climate Mobilization Act, targeting a 40% reduction in missions by 2030 and 80% by 2050 relative to 2005 levels.
Covered Buildings: The law primarily applies to buildings over 25,000 square feet or two or more buildings on the same tax lot that together exceed 50,000 square feet. It affects a wide range of properties, including commercial residential and municipal buildings.
Emissions Limits: Buildings must meet specific emissions intensity limits measured in kilograms of CO2 equivalent per square foot starting in 2024. These limits become stricter over time, with a significant tightening up of standards by 2030.
Penalties For Non-Compliance: Owners of buildings that exceed the emissions limit will pay substantial fines. The penalties are calculated based on the excess emissions, with fines potentially amounting to millions of dollars for large buildings.
Incentives and Support: It also includes provisions for technical support, funding opportunities, and allowances for buildings facing financial hardship or with unique structural challenges.
It is highly recommended that building owners work with expert engineers to comply with New York City local laws because the technical requirements and the filing and reporting processes are extremely complicated and specific.
Along with technical solutions, we can provide advanced monitoring systems and reporting tools to ensure accurate and timely submissions of required data, allowing clients to focus on their core business while meeting regulatory obligations seamlessly.
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