RETROFIT YOUR MULTIFAMILY BUILDINGS TO
AVOID CARBON FINES FROM LOCAL LAW 97
NEW YORK CITY’S LOCAL LAW 97
Click Here for a Quick Downloadable Guide to LL97
Buildings account for 70% of New York City’s carbon emissions. The Climate Mobilization Act was introduced in 2019, with the goal of making New York City carbon-neutral by 2050. Included in these initiatives is Local Law 97 (LL97).
Under LL97, multifamily and commercial buildings over 25,000 sq.ft will be subject to fines based carbon emission limitations. The annual fines will come into effect in 2024 and increase in 2030. Identified buildings will be fined $268 for every ton of CO2 beyond the outlined limit for that building type.
Starting in 2025, buildings will be required to submit a report summarizing their GHG emissions for the previous calendar year. This report must be prepared by a registered LL97 energy professional and will be required annually. Building owners who do not meet these requirements will be fined on an annual basis.
BONDI Energy works with building owners to develop economically efficient strategies for decreasing carbon emissions in multifamily buildings.
Contact one of our experts to ensure compliance with NYC’s Local Law 97.
BONDI Energy can secure a minimum of $4000 per apartment for your multifamily heat pump retrofit.
We have experience stacking rebates from ConED, NYSERDA, IRA and more, to maximize on available funding.
Bondi Energy is a registered ConED Clean Heat Contractor as well as a Finance Provider for the Con Edison Clean Heat Financing Program.
Contact us to discuss partnering on your next energy retrofit project.
BONDI ENERGY SPECIALIZES IN LL97
Our team of LL97 experts will arm you with the information you need to understand LL97 and its impacts on your building.
BONDI provides a free analysis of your building to determine its carbon emissions and upcoming carbon fines.
You will receive recommended steps to solve your building’s carbon emissions to comply with LL97. These solutions range from Retrofitting with heat pumps for heating/cooling and domestic hot water, converting from gas/oil to electric, updating lighting and windows, adding solar panels, and more.
BONDI financing, as well as city and state funding and incentive programs, are available to make sure your project is financial feasible.
BONDI Energy can help you retrofit your multifamily buildings to comply with the Local Law 97 and avoid the carbon fines.
ABOUT LOCAL LAW 97
Who is Affected?
Local Law 97 sets carbon emission limits for buildings larger than 25,000 square feet
How Much is the Fine Going to be?
According to Local Law 97, owners of large buildings will be fined $268 per ton of carbon dioxide emitted beyond their allowance.
Why Is the Local Law 97 so Important for the Government?
It will help to reduce greenhouse gas emissions from buildings by 40% by 2030, and by 80% by 2050, to help reduce the hazardous effects of climate change.
What Happens if Building Owners Do Not Comply?
Building owners who do not comply with the Law may face significant fines, making it important for them to take action NOW to reduce their carbon footprint.
