NYC Benchmarking Deadline Alert: May 1, 2024
The 2024 Benchmarking Covered Buildings List is out. Owners of buildings on the list must submit their energy and water usage data by May 1, 2024, to comply with NYC Benchmarking Law (Local Laws 84 of 2009 and 133 of 2016).
RAND's comprehensive benchmarking services includes a detailed written report covering access methods for energy data, calculation methodologies, copies of Portfolio Manager data entries, EPA confirmation email, and the final Energy Report submitted to the NYC Department of Finance. Act fast to prevent penalties as the deadline approaches. Learn more here.
Energy Audits & Retro-Commissioning: December 31, 2024
Owners of buildings with tax block numbers ending in 4 are required to submit their Energy Efficiency Report (EER) by the end of this year. A a reminder, NYC's Energy Audit and Retro-Commissioning requirement (Local Law 87 of 2009) requires property owners of buildings 50,000 square feet and larger to:
- Have an energy audit conducted on their base-building systems;
- Implement energy-audit maintenance practices as part of retro-commissioning;
- Submit an EER with the New York City Buildings Department every 10 years.
Note: The deadline for filing the EER corresponds to the last digit of the block number. For instance, buildings with tax block numbers ending in 5 must file by December 31, 2025, and so forth. The audit can be conducted up to four years before the EER is due. Therefore, owners and managers of buildings with block numbers ending in 5, 6, and 7 should initiate the process promptly to allow sufficient time for retro-commissioning measures to comply with their filing deadline.
Failure to comply with these regulations can result in penalties, starting at $3,000 in the first year and increasing to $5,000 for every subsequent year. Learn more here.
Local Law 97 Carbon Emissions Reduction: May 1, 2025
As we approach the first compliance deadline for Local Law 97, time is of the essence to kickstart the process and prevent steep penalties. If your building is 25,000 square feet or larger or on the Local Law 97 Covered Buildings List, here's what you need to know:
- Work with Professionals: Collaborating with a registered design professional is key. RAND can help you develop short- and long-term strategies to cut energy and carbon emissions effectively.
- Deadline Looming: The clock is ticking. The first year your building must meet its emissions target is 2024. The first compliance report is due by May 1, 2025, with annual filings due every year thereafter.
- Take Action Today: Implementing energy upgrades is a multi-year endeavor, often involving significant capital investments. Acting promptly is key to prevent or mitigate hefty penalties down the line.
- Beyond Compliance: Achieving compliance isn't just about meeting legal requirements. It's an opportunity to enhance environmental sustainability, lower utility costs, and boost property values.
For more information, read our Fact Sheet, or watch CNYC webinar “Local Law 97: Pathways to Compliance” with RAND Principal Peter Varsalona, PE, CEM, CBCP to learn how to identify pathways to compliance and emission-reducing projects for your buildings’ needs and goals.
Explore how RAND can help you maintain compliance and achieve your energy savings and sustainability goals. Contact us at 212-675-8844 or info@nullrandpc.com.
