CodeGreen Sustainability’s Post

With Local Law 97 officially in effect, thousands of NYC building owners are feeling stressed and overwhelmed. Complacency won't cut it, but finding the right partner can make all the difference. Latitude Compliance takes the stress out of compliance with our clear, 3-step approach: 1. Analyze: Each building is unique, and should be treated as such. By gathering and analyzing relevant data, we gain valuable insights into your energy consumption patterns, identify areas of inefficiency, and make informed decisions for targeted carbon reduction strategies. 2. Strategize: After we pinpoint your unique LL97 compliance pathway, we determine exactly what needs to be done by mapping out recommended improvements, developing customized decarbonization plans, and navigating the complex environmental regulations for your building. 3. Implement: We roll up our sleeves and guide you from start to finish, securing the best incentives, executing the scope of work, and managing a smooth compliance process. Let us be your in-house energy compliance manager, and take the stress of making sure everything is done correctly off your shoulders. Don't wait until it's too late. This law isn't going anywhere. What's the first step? Let's first understand where you are currently standing. We offer up to five complimentary building assessments for your building portfolio. Send us a message to get started: [email protected]. #LL97 #LocalLaw97 #LL97Compliance #EnergyCompliance #LatitudeCompliance #CarbonReduction #EnergyEfficiency"

If you have assets in New York City and are unsure how to navigate Local Law 97 (LL97) send me a message and I can help you work through the strategies and options to help meet the requirements and avoid the fines. #ll97 #locallaw97 #proptech #commercialrealestate

Part of the new rules that came out in December for Local Law 97 was a credit for early electrification work that can be applied towards emissions reductions. This is a massive incentive for building owners, and the incentive is even greater if done by 2026. #LocalLaw97 #CarbonFootprint #GreenBuildings

Interesting read from Bloomberg Law on #LocalLaw97 compliance rates. 1️⃣ A preliminary review by the NYC Department of Buildings shows that only 11% of New York’s buildings are not on track to meet the requirements of #LocalLaw97. 2️⃣ According to the article, "The law is having its desired effect, that building Owners are finding the resources and the technologies to come into compliance, and that they are taking it seriously". 3️⃣ Many more buildings are out of compliance with the next set of reduction targets that start in 2030 as they require complex and expensive retrofits. The article discusses the potential for the Adams Administration to potentially relax penalties for Owners making "good faith efforts" when his administration issues the next set of regulations.

We love to share what our team is reading. Check out the post below from our Principal, Danielle Axelrod, on #LocalLaw97 compliance rates.

With a goal of reducing carbon emissions in NYC by 40% in 2030 and 80% by 2050, Local Law 97 was enacted in 2019. Part of the Climate Mobilization Act, this law goes into effect in 2024, requiring most buildings over 25,000 square feet, including residential, commercial, and mixed-use properties, to meet specific carbon emission limits. If you own or manage a property in New York City, it’s important to plan ahead, and understand the limits for your building type as the first energy compliance reports are due May 1, 2025. Read our article and contact a Janover professional if you have questions. #accounting #taxprofessional

With a goal of reducing carbon emissions in NYC by 40% in 2030 and 80% by 2050, Local Law 97 was enacted in 2019. Part of the Climate Mobilization Act, this law goes into effect in 2024, requiring most buildings over 25,000 square feet, including residential, commercial, and mixed-use properties, to meet specific carbon emission limits. If you own or manage a property in New York City, it’s important to plan ahead, and understand the limits for your building type as the first energy compliance reports are due May 1, 2025. Read our article and contact a Janover professional if you have questions. #accounting #taxprofessional

With a goal of reducing carbon emissions in NYC by 40% in 2030 and 80% by 2050, Local Law 97 was enacted in 2019. Part of the Climate Mobilization Act, this law goes into effect in 2024, requiring most buildings over 25,000 square feet, including residential, commercial, and mixed-use properties, to meet specific carbon emission limits. If you own or manage a property in New York City, it’s important to plan ahead, and understand the limits for your building type as the first energy compliance reports are due May 1, 2025. Read our article and contact a Janover professional if you have questions. #accounting #taxprofessional

RECs— contracts between building owners and clean-energy producers — in the Local Law 97 scoring regime. Today, building owners can use RECs to procure clean electricity that can be delivered to the larger New York City grid to offset their building’s emissions from electricity usage. But environmental groups have been demanding that the Adams administration set a more stringent standard, one proposed by the Local Law 97 advisory board and supported by energy experts, to limit the use of RECs to offset no more than 30 percent of a building’s total emissions.