Planning Ahead for Local Law 97
Start Planning Today
Local Law 97 (LL97) compliance begins in 2024, but implementing energy management strategies for your multifamily properties doesn’t happen overnight, so the time to plan is now. It’s a good time to lay the groundwork for making comprehensive energy-saving upgrades or establishing on-going energy management strategies for your properties.
LL97 is part of New York City’s Climate legislation passed in 2019, a group of local laws aimed at mitigating the effects of greenhouse gas emissions from buildings. LL97 establishes emissions regulations on buildings over 25,000 sq. ft. that are subject to benchmarking.
Implementing energy management strategies and installing energy-saving solutions offers many long-lasting benefits for your business, your properties, and your tenants.
- Improve your bottom line with lower operating expenses
- Boost tenant satisfaction and reduce turnover by improving comfort and keeping rents affordable
- Increase the value and marketability of your properties by installing high performance equipment
- Reduce your carbon footprint and contribute to a cleaner and healthier community
Available Financial Incentives and Guidance
Programs and services are available from NYSERDA and your utility to help start thinking about Local Law 97 while also unlocking the many benefits of saving energy. NYSERDA offers support through every step of your building upgrades, from planning improvements, to installation, to monitoring performance.
Uncover Energy-Saving Opportunities for Less
Flex Tech: Get an energy study of your building at 50-75% cost share that will identify and evaluate opportunities to reduce energy costs as well as identify low carbon, energy saving upgrades and incorporate clean energy into your capital planning.
Integrated Physical Needs Assessment (IPNA): Conduct an evaluation of your affordable multifamily building that assesses the existing condition combining energy, health, and water needs into a holistic picture. Use the IPNA to fulfill the funding requirements of one of the NYS affordable housing agencies preservation programs and build a robust capital improvement plan for your property.
Receive Incentives for High Performance Equipment Installations
- Low Carbon Pathways: Both affordable and market rate properties can access incentives not to exceed between 50-75% of total costs for the installation of low carbon upgrades in existing multifamily buildings that aim to bring deep energy savings to major building systems, reduced operation and maintenance costs, and increased occupant comfort.
- NY-Sun: Receive a per watt through a NY-Sun approved contractor when you install a solar system on your property. Affordable properties can receive additional incentives.
- AMEEP (New York State Affordable Multifamily Energy Efficiency Program): Affordable housing properties can receive incentives for the installation of a single energy saving upgrade or a comprehensive set of upgrades. Program is jointly run by NYSERDA and utilities.
- NYS Clean Heat Program: Receive incentives for the installation of energy efficient heat pumps for space heating and cooling, and/or domestic hot water in multifamily buildings. Program is jointly run by NYSERDA and utilities.
- Check with your local utility for additional incentives and technical assistance for market-rate and affordable properties.
Continuous Improvement and Energy Management
- How it works. Building operations and maintenance employees are key to helping building managers and owners reduce energy costs. Improving the skills of these employees can significantly improve building efficiency and reduce operating costs.
- Available incentives. NYSERDA will share up to 50 percent of the cost, up to $500,000, to help employers and building owners develop training projects that create the educational strategy, on-site training framework, and tools needed to advance the skills of building operations and maintenance workers.
Have questions about which programs would be best for you? Contact NYSERDA at [email protected].
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