August 15, 2024
The NYC Article 320 Info Guide outlines several key changes to Local Law 97, focusing on reducing greenhouse gas emissions from buildings.
Here are the main updates:
- Compliance Pathways: New pathways for compliance have been introduced, including beneficial electrification and decarbonization plans.
- Reporting Requirements: Annual greenhouse gas emissions reports are now mandatory, with the first report due by May 1, 2025.
- Penalties: Updated penalties for non-compliance, starting at $0.50 per square foot per month for late filings.
- Special Cases: Specific provisions for buildings with unique circumstances, such as those with shared energy services or multiple buildings on a single lot.
These changes aim to help NYC achieve its goal of net-zero carbon emissions by 2050. If you need more detailed information, you can refer to the full guide on the NYC Department of Buildings website. Please note, certain types of affordable housing should refer to Article 321.
What should property managers and boards be doing now?
Finding a qualified energy auditor and/or design partner who can assist in developing an energy reduction plan to decarbonize your building and meet compliance goals.
