The NYC energy benchmarking law, Local Law 84/133, mandates annual energy use monitoring for buildings meeting specific size criteria. This requirement applies to both residential and commercial properties. The purpose of this law is to provide transparency regarding energy consumption. By making this information publicly available, the city encourages property owners to implement energy efficiency improvements. This initiative supports New York City's environmental goals.
Benchmarking under Local Law 84/133 NYC provides multiple advantages. It allows property owners to identify energy inefficiencies and areas for improvement and compare their building’s energy performance against similar properties. It helps to increase property value and tenant appeal through energy-efficient upgrades. Benchmarking helps with Local Law 84/133 compliance requirements and supports NYC’s broader sustainability initiatives, including reducing carbon emissions by 80% by 2050.
Benchmarking under Local Law 84/133 also plays an important role in compliance with Local Law 97, which sets strict carbon emission limits for buildings starting in 2024. Benchmarking provides the necessary data on energy consumption and emissions, which helps property owners understand their current carbon footprint. By identifying inefficiencies through benchmarking, building owners can do upgrades to reduce emissions and stay within Local Law 97 limits.
To meet Local Law 84/133 compliance, owners will need to collect their energy and water usage data. Then, they must report it every year.
If you fail to do it, it will result in fines. This makes it essential for property owners to follow the Local Law 84/133 compliance solutions available.
The Local Law 84/133 covered buildings list includes:
The deadline for Local Law 84/133 compliance is May 1 of each year. Building owners must:
Buildings that fail to submit their reports on time face penalties, starting at $500 per quarter, with a maximum annual fine of $2,000.
Benchmarking under Local Law 84/133 New York City can be a straightforward process with the right approach. Following a structured method ensures compliance and minimizes the risk of violations.
Step-by-Step Guide to Compliance
For property owners aiming to meet LL84 benchmarking requirements, several resources are available to simplify the process:
Here are the fines you will have to pay if you do not follow the rules:
Compliance with Local Law 84/133 Benchmarking benefits building owners and NYC as a whole:
Understanding Local Law 84/133 compliance can seem difficult, but with expert guidance, the process can be simplified.
Our Local Law 84/133 compliance consulting solutions will make sure your building remains compliant.
Expert Assistance for Compliance & Reporting
Our Local Law 84/133 compliance consulting services provide:
By choosing our Local Law 84/133 compliance consulting services, property owners can:
Use the ENERGY STAR Portfolio Manager to input data and submit your report before May 1.
You will receive a $500 fine per quarter, up to $2,000 per year. Additional penalties apply for failing to display energy labels.
Buildings over twenty-five thousand square feet, multiple buildings on the same lot exceeding one lac square feet, and city-owned properties.
Fines start at $500 per quarter for late filings. The maximum amount is $2,000 (annually).
If you miss the May 1 deadline, a $500 fine is issued every quarter until compliance.
Fines must be paid, and compliance must be ensured for future deadlines. There is no way to retroactively correct missed filings.
With over a decade of experience in building energy management, benchmarking and compliance, The Cotocon Group with our team of engineers, architects, planners and consultants can help with Local Laws 84 and 133 compliance. Get in touch with us today so that you can comply, avoid fines, save money and run your building efficiently.