Efficient Energy Compliance (EEC) is a full-service energy consulting firm that provides energy management and construction services associated with Local Law 97 of 2019 - Climate Mobilization Act compliance. Local Law 97 is the most ambitious climate legislation for buildings enacted by any city in the world. The overall goal of this act is to reduce greenhouse gas emissions 40% by 2030 and 80% by 2050. The signature components of the act are the greenhouse gas emission limits and mandatory energy conservation measure requirements.
The Climate Mobilization Act will impact both the new construction and existing building sectors alike. All New York City buildings greater than 25,000 must comply beginning January 1st, 2024. EEC is proud to offer the following services to comply:
- Greenhouse gas emissions reporting and tracking
- Life cycle cost analysis inclusive of projected emissions limits and associated fines
- Purchasing of Renewable Energy Credits and or design of projects to generate Renewable Energy Credits
- Purchasing of greenhouse gas offsets
- Investment grade ASHRAE Level III energy audits specifically designed to identify measures to reduce your greenhouse gas emissions
- Preparation of annual compliance reports to be submitted to the NYC DOB
- Implementation of energy savings measures including our state-of-the-art continuous commissioning and real time energy management platform
Failure to comply with this law comes with harsh financial penalties. This law authorizes annual fines of $268 per ton when a building exceeds its emissions limit. For example, a 250,000 SF commercial office building will have a proposed limit of 2,115 tons beginning 2024. If this building were to achieve only half of the 40% savings goal and exceed the limit by 20% then the projected fine would be $113,364 a year. Additionally, failure to file the mandated compliance reports will come with penalties of $0.50/SF per month.
Efficient Energy Compliance recommends an immediate revised life cycle cost analysis for all new construction and development projects as well as an ASHRAE Level III Investment Grade Audit of all existing buildings to assist owners and managers in evaluating their options for building upgrades and retrofits. Efficient Energy Compliance’s team of construction and engineering industry veterans is unique in its ability to execute greener, greater results throughout the entire project life cycle. Achievement of necessary greenhouse gas reductions will be an intricate and multi-year process for many buildings however taking proactive and immediate action will help ensure a smooth and successful compliance process. By engaging EEC as soon as possible building owners can maximize their realized energy savings as well as their ability to apply for incentives and rebates before they expire once the January 1, 2025 deadline passes. Additionally, engaging EEC will also maximize the amount of time available to implement the required upgrades and minimize or eliminate disruptions to your tenants. EEC projects will help owners not just comply with the law but reduce operating costs and add value to their property.