Vert Energy Group

Tag: Local Law 84

The Truth About NYC Local Law 84 Benchmarking: Is It Really Worth It?

I. Introduction

New York City, a bustling metropolis, is not only a global hub for culture and finance but also a pioneer in urban environmental regulation. A key component of its environmental initiative is NYC Local Law 84, part of a broader legislative strategy aimed at reducing the city’s carbon footprint. Understanding this law is essential for property owners and anyone interested in the sustainability efforts of America’s largest city.

Benchmarking, the process of measuring a building’s energy and water usage and comparing it to its peers, serves as a powerful tool for identifying inefficiencies and prompting improvements. Implemented correctly, it can lead to significant advancements in environmental sustainability, economic savings, and public health.

II. Understanding NYC Local Law 84

Enacted in 2009, NYC Local Law 84 was introduced as a part of the Greener, Greater Buildings Plan, which targets the largest source of pollution in the city: buildings. Any building larger than 25,000 square feet must annually report its energy and water use through this law. This policy stems from an acute awareness of the significant role urban centers play in global warming and their potential to lead changes in reducing greenhouse gas emissions.

The impetus behind LL84 is clear: to make building owners aware of their energy consumption patterns, incentivize improvements via transparency, and foster a competitive environment for energy efficiency. The law primarily affects owners of residential, commercial, and mixed-use buildings who find themselves navigating new territory of environmental accountability.

III. What is NYC Local Law 84 Benchmarking?

LL84 mandates the use of the ENERGY STAR Portfolio Manager tool, a widely recognized platform that provides a standardized metric for energy and water consumption. Using this tool, building owners can input their consumption data and receive performance scores. These scores benchmark a building’s performance against similar structures nationwide, highlighting areas for improvement and celebrating efficiency successes.

III. The Benefits of Local Law 84 Benchmarking

Environmental Benefits:

The overarching benefit of LL84 is environmental. By mandating benchmarking, NYC can better understand and manage its building-related energy use, integral to its goal of reducing greenhouse gas emissions by 30% by 2030 as part of the New York City’s Roadmap to 80 x 50.

Economic Benefits:

From an economic perspective, the data gathered and the improvements made from benchmarking can lead to significant cost savings. Energy-efficient buildings use less power and water, directly reducing utility expenses. Additionally, properties that are proven to be sustainably managed often see increased valuation and attract tenants more easily, which can drive higher rental incomes.

Social Benefits:

Socially, the push for energy efficiency leads to broader communal advantages, such as improved urban air quality and reduced strain on local utilities. This not only helps in creating a healthier living environment but also educates the public on the importance of energy conservation and environmental stewardship.

V. Challenges and Criticisms of Local Law 84 Benchmarking

Despite its benefits, LL84 is not without challenges. For many building owners, the transition to compliance can be daunting. The initial investments for older buildings to upgrade systems or improve insulation can be substantial. Furthermore, the administrative burden of annual reporting can be seen as an unnecessary strain, especially by smaller property owners who might lack the resources to manage compliance efficiently.

Critics also point out that the law might favor newer, already-efficient buildings and penalize older buildings that are inherently less efficient, potentially leading to skewed competitiveness and fairness in real estate markets.

VI. The Cost-Benefit Analysis of Local Law 84 Benchmarking

When evaluating the effectiveness of LL84, it’s crucial to conduct a thorough cost-benefit analysis. While the initial costs can be high—both in financial terms and effort—the long-term benefits often outweigh these costs significantly. Building owners who invest in compliant upgrades typically see a return on investment through reduced utility costs and enhanced property values. Moreover, the societal benefits of reduced energy consumption and environmental impact contribute to the law’s overall value to the community.

VII. Conclusion: Is Local Law 84 Benchmarking Really Worth It?

In weighing the pros and cons, the conclusion leans favorably towards the implementation of NYC Local Law 84. The benefits—environmental conservation, economic savings, and societal health improvements—present a strong argument for its continuation and support. For property owners and managers, engaging with resources such as LL84 compliance consulting and exploring innovative local law 84 compliance solutions can help mitigate the challenges and maximize the law’s potential benefits.

As stakeholders in one of the world’s most significant urban landscapes, it is incumbent upon NYC property owners and managers to look beyond immediate costs and consider the broader impact of their compliance. Making informed decisions that balance both economic concerns and environmental responsibilities is crucial in shaping a sustainable future for all.

VertPro.com serves as a resourceful platform for property owners and managers seeking to enhance their buildings’ energy efficiency. The site offers a range of services, including Commercial Energy Audits, Benchmark Compliance consultancy, and a Construction Marketplace. At the heart of VertPro® is a suite of SaaS technology-based solutions designed to assist in navigating the complexities of Energy Benchmarking and Energy Audits/RCx Plus, while ensuring adherence to over 60 Energy Benchmarking and Energy Efficiency Laws across the country.

For those looking to improve their property’s energy usage and operational value, VertPro.com provides a diverse array of tools and information. The site aims to facilitate a better understanding of energy efficiency practices and legislation, helping building owners and property managers make informed decisions about their energy strategies while complying with all energy ordinances and laws.

November 14, 2024
How Local Law 84 Affects Your Property Taxes and What You Can Do About It
Navigating the complexities of property ownership in New York City can often feel like a Herculean task, especially when it comes to understanding the implications of various building laws. Amongst these, Local Law 84 stands out as a crucial piece of legislation that property owners must be aware of due to its significant impact on property taxes.

I. Introduction

A. Brief Introduction to Local Law 84

Local Law 84, part of the Greener, Greater Buildings Plan enacted in 2009, requires property owners of buildings larger than 50,000 square feet to submit annual energy and water consumption reports. This benchmarking initiative is a stepping stone towards making New York City’s buildings more energy-efficient and is a critical effort in fighting climate change.

B. Explanation of How It Affects Property Taxes

At first glance, Local Law 84 might seem like just another regulatory hoop to jump through. However, it carries with it a ripple effect that can significantly influence your property’s financial liabilities in the form of taxes. Non-compliance is met with immediate penalties, but the nuances of the law have deeper implications on your tax bill.

C. Significance of Understanding This Law for Property Owners

This isn’t just about adhering to a law; it’s about recognizing an opportunity to transform your property into a sustainable and economically attractive asset. As a property owner, your grasp on Local Law 84 can position you to leverage potential tax benefits while contributing positively to the city’s environmental goals.

II. Understanding Local Law 84

A. Detailed Description of Local Law 84

Local Law 84 was conceived as a legislative response to the increasing concerns over climate change and the need for sustainable development. By mandating large buildings to track and report their energy and water use, the city aims to encourage the reduction of carbon emissions, a significant contributor to urban environmental problems.

What It Entails for Property Owners

Beginning in 2010, Local Law 84 required annual energy and water benchmarking reports for buildings over a certain size threshold. This report feeds into the Energy Star Portfolio Manager, a tool designed by the EPA to assess the energy performance of buildings nationwide. Failure to submit these reports results in fines, which increase with continued non-compliance.

B. How Local Law 84 Affects Property Taxes

Direct Impacts

The direct financial implications come in the form of penalties. As per the New York City Department of Buildings, these can accumulate over time, directly inflating the cost of property ownership.

Indirect Impacts

On the other hand, market perceptions of energy-efficient buildings could elevate property values, thereby increasing tax liabilities. Conversely, buildings that perform poorly in benchmarking may be seen as less desirable, potentially decreasing their value.

III. The Relationship between Local Law 84 and Property Taxes

A. Understanding Property Taxes

How They Are Calculated

In New York City, property taxes are calculated by multiplying the assessed value of the property by the prevailing tax rate. The Department of Finance assesses property values, considering factors such as location, building size, construction type, and building usage.

Different Factors That Affect Property Taxation

Value assessments are influenced by comparable sales, income and expense data for rental properties, and any construction or improvements made to the building. Each of these factors can sway the assessment, thereby impacting the tax.

B. The Role of Local Law 84 in Property Taxation

How Building Energy Efficiency Can Affect Tax Amounts

Properties that demonstrate high energy efficiency through their benchmarking reports may enjoy a higher market valuation due to the growing demand for sustainable living spaces. As a result, they could be subject to higher taxes consequent to their increased value.

The Potential of Local Law 84 to Increase/Decrease Your Property Taxes

Energy efficiency isn’t just about reducing utility bills; it’s an investment that can potentially offer a return through increased property valuation and corresponding tax implications.

IV. What You Can Do About It

A. Actions to Minimize Negative Impacts of Local Law 84 on Your Property Taxes
1. Energy Compliance: Strengthening the energy efficiency of your property ensures not only compliance but opens up the potential for various tax incentive programs tailored for energy-conserving buildings.
2. Energy Conservation Measures: By implementing energy-saving upgrades, the operational costs of your property can decrease. These conservation measures could range from installing LED lighting to upgrading HVAC systems.
3. Tax Mitigation Strategies: Tax credits, rebates, and incentive programs for green buildings can significantly offset the initial cost of energy upgrades and reduce your overall taxation burden.
B. Potential Benefits to Consider

Over time, energy-efficient properties tend to have lower operational costs, contributing to a better bottom line. They also tend to retain their value better and appeal more to eco-conscious renters or buyers.

C. Expert Advice and Resources for More Help

To navigate the complexities of Local Law 84 and its impact on your taxes, it’s wise to consult with experts in real estate law, tax professionals, and energy consultants who can provide tailored advice and guidance.

VI. Conclusion

We’ve traversed the essentials of Local Law 84, its origins, requirements, and how it intertwines with property tax calculations. We’ve also highlighted actionable strategies to mitigate any negative tax implications, including embracing energy compliance and conservation measures. The key takeaway for property owners is the importance of being proactive. By understanding Local Law 84, you can turn potential financial challenges into opportunities for both cost savings and contributing to a more sustainable city.

Furthermore, the conversation about Local Law 84 is ongoing. Engaging with a community of property owners, sharing insights, and keeping abreast of new developments and incentives are vital steps in managing your property’s fiscal and environmental responsibilities. It’s through this knowledge-sharing that you can discover innovative ways to ensure that Local Law 84 works in your favor, both ecologically and economically.

VertPro.com serves as a resourceful platform for property owners and managers seeking to enhance their buildings’ energy efficiency. The site offers a range of services, including Commercial Energy Audits, Benchmark Compliance consultancy, and a Construction Marketplace. At the heart of VertPro® is a suite of SaaS technology-based solutions designed to assist in navigating the complexities of Energy Benchmarking and Energy Audits/RCx Plus, while ensuring adherence to over 60 Energy Benchmarking and Energy Efficiency Laws across the country.

For those looking to improve their property’s energy usage and operational value, VertPro.com provides a diverse array of tools and information. The site aims to facilitate a better understanding of energy efficiency practices and legislation, helping building owners and property managers make informed decisions about their energy strategies while complying with all energy ordinances and laws.
June 13, 2024
NYC Local Law 97: A Step Towards a Greener Future Through Energy Efficiency

New York City stands not only as a hub of global commerce and culture but also as a leader in the sustainability movement. As climate change presents an increasingly urgent challenge, NYC has boldly risen to the occasion, unveiling a plan that could reshape the landscape of urban sustainability and chart a course for cities worldwide to follow.

Introduction

I. Brief Background on New York City’s Sustainability Efforts

New York City has a storied history of environmental initiatives, stretching back to the landmark Clean Air Act and beyond. Building upon this legacy, the city has increasingly focused on reducing its carbon footprint through cutting-edge policies and practices. The NYC Green New Deal, a suite of aggressive climate laws, builds upon the goals set by the international Paris Agreement and positions the city at the forefront of the fight against climate change.

II. Introduction to NYC Local Law 97 and Its Relevance

Central to this initiative is Local Law 97, set to transform the city’s skyline into a model of energy efficiency. This legislation reflects NYC’s commitment to a greener future and serves as a significant step in the right direction for sustainable urban living.

Understanding NYC Local Law 97

I. Overview of the Law

Local Law 97 is part of the Climate Mobilization Act, which was passed in 2019 by the New York City Council. It forms the cornerstone of NYC’s efforts to slash greenhouse gas emissions by 40% by 2030 and over 80% by 2050.

II. Key Components of the Law

The law targets buildings larger than 25,000 square feet—a category that includes approximately 50,000 properties citywide, accounting for nearly a third of all emissions in NYC. Under the law, these buildings will need to meet increasingly stringent emission limits or face penalties, thereby incentivizing property owners to invest in energy efficiency upgrades.

III. How the Law Plans to Address Energy Efficiency

Local Law 97 requires the retrofitting of buildings to enhance their energy performance. This includes upgrades to heating and cooling systems, improved insulation, and the installation of energy-efficient lighting, among other measures. In addition, the law promotes the use of renewable energy by allowing credits for green power purchases.

The Impact of NYC Local Law 97

I. Expected Environmental Benefits

The implementation of Local Law 97 could result in a discernible decrease in the city’s overall emissions, significantly impacting the push towards a more sustainable future. Reduced energy consumption not only curbs greenhouse gas emissions but also lessens the reliance on fossil fuels, leading to improved air quality and a reduction in related health issues.

II. Economic Implications for Businesses and Landlords

The law’s impact on the real estate sector is profound. Property owners face the challenge of aligning their buildings with the newly established emission standards. While energy-efficient upgrades can be costly, the investment is designed to pay dividends in the long run through reduced energy bills. The Urban Green Council has resources and information to help stakeholders understand the financial aspects of the law.

III. Potential Challenges of Implementation

Building owners may encounter various obstacles, including the initial capital investment required for energy efficiency projects, navigating the complexities of retrofitting older buildings, and ensuring projects are completed within the law’s timelines. Owners must be proactive, seeking out local law 97 compliance solutions to avoid possible fines.

How NYC Local Law 97 Promotes Energy Efficiency

I. Explanation on Energy Efficiency Measures the Law Encourages

To comply with Local Law 97, property owners are incentivized to adopt a range of measures that support energy efficiency. These measures include switching to LED lighting, installation of automated building management systems, and upgrades to HVAC systems. Furthermore, the law encourages a shift towards renewable energy sources and green construction practices.

II. Discussion on Carbon Cap Limits for Different Types of Buildings

Local Law 97 establishes varying emissions caps for different building categories reflecting the operational needs and complexities of diverse structures. Carbon intensity limits for a hospital will differ from those of a commercial office building, for instance, which necessitates a customized approach to compliance for each property.

III. Enforcement Mechanisms and Penalties for Non-Compliance

To ensure adherence to the law, NYC has put in place a mechanism for measuring and regulating emissions from large buildings. Non-compliant buildings will incur fines that correspond to the degree by which they exceed the limits. The Department of Buildings will oversee enforcement, requiring emissions reports to maintain transparency and accountability.

Case Studies of NYC Local Law 97 Implementation

I. Presentation of Successful Instances of Implementation

Examples of successful compliance can already be found across NYC. Buildings that have proactively embraced energy efficiency demonstrate that the law’s requirements are not only achievable but beneficial. The Empire State Building, for example, underwent a landmark retrofit that significantly reduced its energy consumption and costs. Such case studies act as a blueprint for other building owners.

II. How These Case Studies Have Led to Increased Energy Efficiency

By analyzing buildings that have already implemented changes, we can see tangible benefits of increased energy efficiency. Case studies reveal that enhancements such as improved insulation and advanced heating and cooling systems comply with Local Law 97 and lead to substantial energy savings and reduced operational costs.

Future Scope of NYC Local Law 97

I. How This Law Could Model for Other Cities’ Energy Policies

The progressive stance of Local Law 97 could serve as a model for other municipalities aiming to tackle urban emissions. The law’s framework offers a scalable approach that can be adapted to local circumstances, providing a roadmap for other cities to follow.

II. Potential Improvements and Modifications for the Law in the Future

As we move forward, we can expect New York City to refine Local Law 97, integrating more precise metrics, advanced technologies, and updated sustainability practices to remain at the cutting edge of climate action.

Conclusion

In summary, NYC’s Local Law 97 is an unprecedented move towards a more energy-efficient and climate-resilient future. As the city embarks on this ambitious journey, the lessons learned and the successes achieved will undoubtedly shape the sustainability discourse far beyond its borders. The enactment of Local Law 97 serves as an inspiring example of proactive leadership and an essential step toward a greener future for New York City, and potentially, cities around the globe.

VertPro.com serves as a resourceful platform for property owners and managers seeking to enhance their buildings’ energy efficiency. The site offers a range of services, including Commercial Energy Audits, Benchmark Compliance consultancy, and a Construction Marketplace. At the heart of VertPro® is a suite of SaaS technology-based solutions designed to assist in navigating the complexities of Energy Benchmarking and Energy Audits/RCx Plus, while ensuring adherence to over 60 Energy Benchmarking and Energy Efficiency Laws across the country.

For those looking to improve their property’s energy usage and operational value, VertPro.com provides a diverse array of tools and information. The site aims to facilitate a better understanding of energy efficiency practices and legislation, helping building owners and property managers make informed decisions about their energy strategies while complying with all energy ordinances and laws.

May 24, 2024
What are the penalties for non-compliance with the NYC benchmarking law?

New York City, with its towering skyscrapers and bustling urban landscape, is a global leader in sustainability initiatives. To further its commitment to energy conservation and reduce greenhouse gas emissions, the city introduced the NYC Benchmarking Law. This landmark legislation requires building owners and managers to monitor and report their energy and water consumption annually. In this article, we will explore the penalties for non-compliance with the NYC Benchmarking Law and shed light on its implications for the city’s sustainability goals and building owners.

Understanding NYC Benchmarking Law

The NYC Benchmarking Law, officially known as Local Law 84, was enacted in 2009 as part of the broader Greener, Greater Buildings Plan. Its primary objective is to promote transparency and accountability in energy usage among commercial and residential buildings in the city. Covered under this law are buildings larger than 25,000 square feet, encompassing a vast array of structures, from commercial high-rises to multifamily apartment buildings.

The compliance requirements are straightforward: building owners must collect energy and water consumption data annually using the EPA’s ENERGY STAR Portfolio Manager tool and report it to the NYC Department of Buildings (DOB). The DOB uses this data to calculate the building’s energy efficiency rating, making it accessible to the public. By doing so, the NYC Benchmarking Law empowers New Yorkers to make informed decisions about the spaces they inhabit, pushing the city towards a greener future.

Importance of NYC Benchmarking Compliance

The NYC Benchmarking Law plays a pivotal role in the city’s efforts to combat climate change and enhance environmental sustainability. By assessing and disclosing energy consumption data, building owners and managers gain a clearer understanding of their properties’ performance and are encouraged to take measures to improve efficiency. This data-driven approach aids in reducing the city’s overall carbon footprint and fosters a culture of responsible energy use.

Additionally, compliance with the benchmarking law contributes significantly to the city’s broader sustainability initiatives. New York City aims to reduce greenhouse gas emissions by 80% by 2050, a challenging target that necessitates the collective efforts of its commercial and residential buildings. Benchmarking provides a valuable framework for monitoring progress and identifying opportunities for energy conservation.

Penalties for Non-Compliance

Non-compliance with the NYC Benchmarking Law is not taken lightly, and building owners who fail to adhere to the reporting requirements face penalties. The process typically involves the following steps:

1. Initial Notice and Grace Period: The DOB issues an initial notice to building owners, reminding them of their obligation to benchmark their properties. The owners are given a grace period to rectify the situation before further action is taken.

2. Fines and Penalties: If the non-compliance persists after the grace period, the DOB may impose fines on the owners. The amount of the fine varies depending on the property’s size and the duration of non-compliance. For some buildings, these fines can be substantial, leading to significant financial burdens.

3. Escalating Penalties for Repeat Offenders: Repeat offenders may face increasingly severe penalties. This can include higher fines and additional compliance requirements, such as mandatory audits or energy efficiency improvements.

Common Reasons for Non-Compliance

Despite the importance of benchmarking, some building owners find it challenging to comply with the NYC Benchmarking Law. The reasons for non-compliance can vary and include:

1. Lack of Awareness and Understanding: Some building owners may not be aware of the benchmarking law or the reporting requirements. They might not understand the positive impact benchmarking can have on both their buildings and the city’s environmental goals.

2. Technical Challenges in Data Reporting: Collecting and reporting energy consumption data can be complex, particularly for older buildings with outdated systems. Inaccurate or incomplete data can hinder compliance efforts.

3. Financial Constraints: For some building owners, the perceived costs associated with benchmarking and potential upgrades deter compliance. They may be concerned about investing in energy-efficient improvements without a clear understanding of the return on investment.

Case Studies: High-Profile Non-Compliance Cases

Several high-profile cases have emerged over the years, highlighting the consequences of non-compliance with the NYC Benchmarking Law. In 2019, a prominent commercial building in Manhattan faced significant fines for failing to submit benchmarking data for consecutive years. The ensuing negative publicity and damage to the building’s reputation served as a cautionary tale for other property owners.

The impact of non-compliance extends beyond financial penalties. Buildings that fail to comply may face public scrutiny and potential tenant dissatisfaction, as environmentally conscious occupants prioritize spaces that demonstrate a commitment to sustainability.

Mitigating Factors and Compliance Assistance

Recognizing the challenges faced by building owners, the NYC DOB provides resources and support to facilitate benchmarking compliance. The department hosts benchmarking help centers and workshops, offering guidance on data collection, reporting, and best practices for energy efficiency. These initiatives aim to demystify the process and make compliance more accessible to building owners.

Furthermore, collaborating with energy service providers and benchmarking experts can help building owners navigate technical complexities and streamline the benchmarking process. Many organizations offer comprehensive services to ensure accurate data reporting and identify energy-saving opportunities.

The Future of NYC Benchmarking Enforcement

As the city continues its quest for sustainability, enforcement of the NYC Benchmarking Law may evolve. Trends in enforcement actions could include stricter penalties for repeat offenders or additional incentives for buildings that consistently demonstrate energy efficiency improvements.

Advancements in technology will also play a crucial role in simplifying the benchmarking process. Integrating smart building systems and automated data collection tools will streamline reporting and reduce the burden on building owners.

Beyond Penalties: Benefits of NYC Benchmarking Compliance

While the penalties for non-compliance are severe, building owners should also consider the numerous benefits that come with benchmarking compliance:

1. Cost Savings through Energy Efficiency Improvements: Benchmarking reveals energy waste and inefficiencies, allowing building owners to implement cost-effective upgrades that result in long-term savings on utility bills.

2. Positive Impact on Property Value and Marketability: Buildings with high energy efficiency ratings become more attractive to potential tenants and investors, enhancing property value and market competitiveness.

3. Alignment with Long-Term Sustainability Goals: Compliant buildings contribute to the city’s broader sustainability agenda, supporting New York’s position as a global leader in environmental initiatives.

Best Practices for Achieving Compliance

To achieve compliance with the NYC Benchmarking Law, building owners can adopt the following best practices:

1. Early Preparation and Planning: Start preparing for benchmarking early and establish a clear timeline for data collection and reporting.

2. Data Collection and Management Tips: Ensure accurate and comprehensive data collection by involving relevant stakeholders and utilizing automated systems where possible.

3. Leveraging Benchmarking Results: Use benchmarking data to identify opportunities for energy efficiency improvements and develop an actionable plan to achieve better performance over time.

Conclusion

The NYC Benchmarking Law is a critical component of New York City’s journey towards a sustainable and eco-friendly future. Compliance with this law is not only a legal obligation but also a proactive step towards reducing energy consumption and mitigating climate change.

Building owners and managers must recognize the significance of benchmarking compliance and the far-reaching consequences of non-compliance. By embracing the benchmarking process and implementing energy efficiency measures, they not only avoid penalties but also contribute to a greener and more resilient New York City. With the right resources and support, achieving compliance becomes an achievable and rewarding endeavor for all stakeholders involved.

Discover Vertpro.com, your trusted source for expert Commercial Energy Audit and Benchmark Compliance consultancy. As an award-winning Energy Benchmarking and Audit Consultancy, we simplify energy compliance with innovative SaaS technology-based solutions. From Energy Benchmarking to Energy Audits/RCx Plus and a cutting-edge Construction Marketplace, our services cater to Building Owners & Property Managers nationwide, ensuring adherence to over 50 Energy Benchmarking & Energy Efficiency Laws. Unlock cost savings and streamline your energy management efforts with Vertpro.com today.

July 7, 2023
How Vert Energy Group can help you comply with Local Law 84

Are you looking for help to make sure your business is compliant with Local Law 84 (LL84)? Vert Energy Group has the expertise, skills, and resources to ensure that you are in compliance with this crucial legislation. With years of experience in energy efficiency consulting and project management, we understand how LL84 works and what it requires.
We can work closely with you so that your business meets all the requirements, from building-wide analyses to designing custom solutions -rest assured, our team will walk you through every step! Moreover, we promise a professional but friendly attitude toward getting the job done properly and on time. Read on to learn more about how Vert Energy Group can assist your building in making sure it complies with LL84.
What is Local Law 84?
Local Law 84 (LL84) is a tool that can help energy and water-conscious organizations reduce their energy usage. LL84 requires the city’s largest businesses to track energy and water consumption in order to identify potential energy savings opportunities through an energy audit.
These energy audits provide businesses with an opportunity to optimize energy usage, improve energy efficiency, and ultimately lower energy bills. Allowing companies to be more sustainable and resourceful with their energy solutions, LL84 helps create a brighter and greener future for us all.
How to Comply with Local Law 84?
Locals Law 84, otherwise known as the New York City energy conservation law, requires building owners of existing buildings to track energy consumption data and submit it in an energy benchmark report every other year. This helps to hold property owners accountable and encourages a decrease in energy usage within their respective properties.
Property owners need to assess energy use according to the US Environmental Protection Agency’s Portfolio Manager tool, and from there take steps to optimize energy performance. Energy benchmarking easily aids building owners in making energy decisions and helps keep New York City green.
How Vert Energy Group can help to comply with LL84
New York City’s world-renowned Local Law 84 requires building owners to report their energy performance rate annually using a benchmarking tool, with the aim of reducing existing building emissions by 80% by 2050. This is no small feat, yet the Vert Energy Group can help make the journey easier. Our team of experts provide services such as analyzing energy usage data, making recommendations for savings and enhancements, and even help to implement energy efficiency solutions.
With an established track record of success, the company can deploy a tailored strategy to move your buildings up to defined LL84 standards. From equipment replacements and tenant engagement programs to installing smart sensors and developing efficient operating protocols, the Vert Energy Group can give you key assistance at every step of the process.
What are Requirements for Local Law 84?
Local Law 84 is a critical existing energy law in the country. Requiring all existing buildings bigger than 50,000 square feet to report their energy and water usage data each year, it acts as an important measure for reducing emissions. While businesses have many options to choose from, most local authorities and general contractors chose to use Energy Star Portfolio Manager to meet Local Law 84 requirements.
Moreover, buildings that are able to display significant reductions in their energy and water usage can even become Energy Star certified – demonstrating their commitment to sustainability as well as helping them save on operational costs. Meeting the requirements of Local Law 84 is essential for ensuring an efficient future while continuing to drive progress towards cleaner environment.
Benefits of Local Law 84
Here are the benefits of Local Law 84:
Improved Building Energy Efficiency
LL84 helps buildings to become more energy efficient due to the benchmarking and mandatory disclosure of building energy performance data. This encourages landlords and building owners to invest in energy efficiency upgrades that can save money over time and reduce their carbon footprint.
Reduced Operating Costs
By making buildings more energy efficient, LL84 can help reduce the operating costs of a building. This is especially important for multifamily buildings where tenants are often responsible for paying their own utilities and other operating costs.
Increased Property Value
Buildings that have improved their energy efficiency through LL84 will typically be worth more than those without the improvements. This is because energy efficient buildings tend to have lower operating costs and attract more tenants, leading to a higher potential return on investment.
Improved Health and Safety
LL84 encourages building owners and landlords to upgrade their buildings with the latest safety features like smoke detectors, fire alarms, and carbon monoxide detectors which can keep occupants safe.
Increased Tenant Satisfaction
Improved energy efficiency and added safety features can lead to happier tenants. This means a better living experience for those in the building, as well as greater tenant retention which can be beneficial for landlords and owners.
Reduced Carbon Footprint
By encouraging buildings to become more energy efficient, LL84 helps to reduce the overall carbon footprint of the city. This is especially important in urban areas, where buildings account for a significant portion of emissions.
These are just a few of the benefits that LL84 can provide to both building owners and tenants alike. By taking measures to improve energy efficiency, landlords will be able to save money on operating costs while providing their tenants with a safer and more comfortable living environment. By reducing the city’s carbon footprint, LL84 can also help to contribute to a healthier planet. Overall, it is an important step forward in improving building performance and energy efficiency in the city.
Step-By-Step Guide to Local Law 84
Knowing exactly how to use Local Law 84 can be complicated. Fortunately, following these simple steps can help any organization easily adhere to energy performance monitoring and energy star certification standards. First, you’ll want to determine your facility’s baseline energy usage. This information is the basis for comparing energy efficiency improvements over time.
Second, record energy use data at least annually. If auditing or submetering technology is available, it should be used in situations where energy consumption varies significantly between tenants or areas of the building. Third, calculate energy-use intensity that is consistent with energy star guidelines and track progress with a benchmarking energy envelope each year.
Finally, publish energy performance information in annual reports or other public documents and submit results to energy star for energy star certification annually. By following these four steps, your organization can easily stay on top of Local Law 84 compliance and lead the way in creating a cleaner future.
Things To Consider When Complying with LL84
When complying with Local Law 84, the benchmarking requirements for energy and water consumption, there are a few things that should be considered.
1. Get Professional Assessment: A professional assessment of your property’s Energy Star score is important in order to understand how much energy it uses and what improvements can be made to make it more efficient. This can help you identify areas where energy savings can be made, so that you meet or exceed the benchmarking requirements of Local Law 84.
2. Establish A Baseline: Establishing a baseline for your property’s energy and water usage is also important in order to measure progress over time. By tracking these metrics, you can ensure that your property is complying with the requirements of Local Law 84.
3. Investigate Potential Savings: Once a baseline has been established, it’s important to investigate potential energy and water savings through upgrades or changes in operations. These could include switching to LED lighting, installing insulation, retrofitting older appliances and fixtures, and more.
4. Take Advantage of Incentives: There are a number of incentives available to help offset the cost of energy-efficiency improvements, such as tax credits and federal grants. Taking advantage of these incentives can help you meet your benchmarking requirements while also saving money in the long run.
5. Monitor Usage: Finally, monitoring your energy and water usage on an ongoing basis is essential in order to ensure that you are meeting the requirements of Local Law 84. By regularly tracking your property’s consumption, you can make changes or improvements as needed to stay within the guidelines.
These are just a few of the considerations when it comes to complying with Local Law 84’s benchmarking requirements. With a bit of planning and research, your property can become more efficient, saving you money in the long run.
Conclusion
Local Law 84 is a lot to take in, but thankfully, you don’t have to go through it alone. The team at vert energy group has the experience and knowledge needed to help you comply with the law and upgrade your buildings. We want to help you make your property more sustainable, so don’t hesitate to reach out to us for more information about how we can help you potentially save money and conserve energy.

January 31, 2023