Why is Local Law 97 so important?
Local Law 97 is one of the most ambitious carbon emissions laws to be put into place by any city across the world. Part of the Climate Mobilization Act, passed in 2019, the law aims to drastically reduce emissions put forth by buildings larger than 25,000 square feet. These buildings account for two thirds of all of NYC’s annual emissions.
All buildings above this size must meet greenhouse gas emission caps by 2024 or face annual penalties.
This means that about 50,000 buildings will be competing for ways to limit their emissions, with many turning to solar for compliance due to its inherent profit attribute. Installing solar panels may not only prevent fines, but generate profit as well.
Grid interconnection is time sensitive, critical for solar, and already limited. If you are not able to establish interconnection, you may have to settle for a non-income generating compliance option. Let us assess your earning potential now.