Local Law 97 (LL97) promotes energy efficiency, electrification, and renewable energy in New York City. There will be mandatory carbon limits for covered buildings during every compliance period, requiring property owners to create a plan to invest in building upgrades to reduce emissions and meet compliance.
A smart energy management strategy will not only help you meet LL97 requirements, but it will also benefit your property for years to come. Most of all, it can improve your bottom line by reducing your operating expenses. Working together, we can identify opportunities for efficiencies and design custom programs that align with your sustainability objectives while meeting your building requirements.
In addition to implementing energy efficient measures, building owners may also take advantage of incentives. They can deduct up to 10% of their annual emissions limit by purchasing greenhouse gas offsets which will likely be a cost-effective way to reduce a building’s LL97 liability.
They can also deduct an unlimited portion of their annual emissions limit by purchasing a proportional number of renewable energy credits (RECs). However, those RECs must be produced in or directly deliverable to New York City’s portion of the grid, making this a nonexistent commodity (though that might change).
The New York State Energy Research and Development Authority (NYSERDA) is offering to pay up to 75% of the cost of a comprehensive study to identify near and long-term decarbonization steps, which is in addition to the incentives offered by Con Ed and National Grid for implementing specific upgrades and efficiency measures.
Our team has extensive knowledge of government programs that may be beneficial to you. With rebates and incentives, energy projects offer a significant return on your investment. We also provide energy efficiency audits, retrofit project management, energy supply procurement and brokerage, strategic consulting for long-term management, and technology assessments.
You can rely on our expertise to help you formulate your plan to address LL97 and identify the right incentives that push your building toward compliance and emissions reductions.
Download our ebook to find out more about Local Law 97
The WT Group provides clients with a single-source engineering solution to help maintain the integrity of all projects from start to finish. With over 50 years of experience, WT Group's highly skilled engineering, design, and consulting teams ensure consistency, clarity, and accuracy in the most cost and time-efficient manner. Contact us today!
