As part of a long-term plan to reduce greenhouse gas emissions in New York City, the passage of Local Law 97 is causing large commercial building owners to consider energy usage and emissions. Find out how this new city regulation could impact your building and what you can do about it from our own Salvatore Amato.
M&S Mechanical Makes Sense of Local Law 97
At M&S Mechanical, we know that energy management is not the easiest subject to understand. To help you gain a deeper understanding of new city regulations, our team walks you through what to expect.
What is Local Law 97?
Passed in 2019, this law establishes new greenhouse gas emissions requirements for large New York City buildings. These new rules are being phased in over time.
- Starting in 2024, buildings that exceed annual greenhouse gas emissions caps will be subject to annual financial penalties of $268 per metric ton in excess of the limit.
- By 2030, all buildings over 25,000 square feet must reduce emissions by 40 percent.
- By 2050, that threshold rises to 80 percent.
To maintain compliance with the law, building owners must submit an emissions intensity report stamped by a registered design professional every year (beginning in 2025) or pay substantial fines.
Why Compliance is in Your Building’s Best Interests
Local Law 97 aims to give New York a push towards becoming a greener city. At the same time, it will provide building owners with many long-lasting benefits, including:
- Lowering operating expenses
- Increasing the value and marketability of properties
- Reducing your building’s carbon footprint
We’re Here to Help You Comply with the Law
By making energy-saving upgrades today, you can give your building a head start on upcoming changes to city regulations. M&S Mechanical is uniquely positioned to help you comply with Local Law 97. Our leadership team has over 50 years of collective experience providing HVAC, Plumbing and Fire Suppression services to commercial buildings in the tri-state area.
Contact us today to learn more.