“Local Law 84 is a program designed by the Urban Green Council, a New York based environmental agency, to ensure that the bigger buildings and properties in New York that have the largest carbon footprint be responsible for the resources they use,” said Jeff Carleton President of CEC.
“The council worked in cooperation with the Mayor’s Office and real estate professionals to create the law and provide step-by-step instructions on how to become compliant. In an effort to create better water and energy efficiency in New York City, the buildings that fall under the ruling must report their energy and water usage using a proprietary tool known as the Portfolio Manager,” said Carleton.
Who Does Local Law 84 Apply To?
There are three basic ways to determine who Local Law 84 applies to.
- Basic square footage of a building – Any covered structure more than 50,000 gross square feet comes under the law.
- Combination of structures on a single tax lot – To determine if a property with more than one structure is affected by Local Law 84; calculate the total gross square footage of all buildings. If the total square footage of all buildings is more than 100,000 then the property is subject to Local Law 84.
- Condominium complex governed by a single board – If a condominium complex exceeds 100,000 gross square feet, regardless of tax lots included; it is subject to Local Law 84, with the exception of 1-3 family homes classified as Class One under the Property Tax Law.
Properties that are included under Local Law 84 Benchmarking that do not become compliant are subject to financial penalties of as much as $2,000.
How to Save the Most with Local Law 84
Becoming compliant is a requirement for any building that falls under the law. However, there are many benefits to this regulation. Many property owners have no idea how much their utilities and water usage is costing them. Developing a pro-active attitude toward properly managing these resources can improve the bottom line tremendously, while ensuring complete compliance with the law. Here are three ways to save money with Local Law 84:
Auditing – Local Law 84 requires full disclosure regarding the use of all energy and water resources by the buildings on each property. The Urban Green Council provides the online tools needed to comply with this report. However, it is time consuming and complicated to create. Having a management company complete the task properly saves you valuable time and human resources while allowing you to cooperate with the laws.
Online Boiler Room Management – Online managers can help pinpoint problems in energy use, and develop methods to correct those areas. Having a professional boiler room management company is the best way to cut energy costs. An online management company can spot these problems quickly and saves property owners from having to train onsite staff, and pay higher payroll costs for additional operators.
Continued Commissioning – Once a property is compliant with Local Law 84, it is important to keep up with energy use in order to save money regularly. The law itself requires several years of performance, but it is still easy to lose track during the time between required reporting.
Get in compliance with Local Law 84 by making use of a professional company like Carleton Energy Consulting. They will make sure your property is reported correctly, and operating at peak efficiency.
Local Law 84 New York City Benchmarking
About Carleton Energy Consulting
Carleton Energy and Consulting founded in 2012 focuses on energy compliance, efficiency and green services. We provide compliance through energy auditing services, retrofitting, benchmarking, and online fuel systems management as well as proven reduction methods for electricity usage, water usage and fuel.
Jeff Carleton, principal and founder, of CEC has been involved with property management, online boiler management and real estate for over 10 years. We take a “hands-on”
For more information about Carleton Energy Consulting go to http://CarletonEC.com or call 516-672-8277.