NYC building owners face $268 per ton fines as Local Law 97 deadline approaches

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-- As the enforcement of New York City's Local Law 97 approaches on January 1, 2025, building owners have less than two months to reduce carbon emissions or incur penalties of $268 per metric ton for any excess carbon. The mandate applies to buildings over 25,000 square feet and necessitates substantial emissions reductions, leaving many property owners urgently seeking solutions. Upgrading HVAC systems has emerged as a swift route to compliance, providing immediate efficiency improvements that can assist buildings in meeting emission targets and concurrently lowering operational expenses.

HVAC retrofits offer immediate compliance pathway

Commercial building owners across New York City are finding that upgrading their cooling systems provides a direct route to emissions compliance under Local Law 97. Unlike comprehensive building renovations, which can take years to complete, HVAC retrofits can be finished quickly and provide measurable emissions reductions that directly impact compliance.

The law affects approximately 50,000 buildings citywide, with emissions limits set to become more stringent towards 2030. Buildings that exceed their carbon limits face significant financial penalties. As a result, implementing proactive efficiency improvements constitutes a vital investment for property owners and managers.

Graphene coating technology addresses aging infrastructure

A significant number of commercial buildings have aging HVAC systems with deteriorated cooling coils that are not energy efficient and struggle to maintain optimal temperatures. Advanced coating technologies now provide a non-invasive solution that restores cooling capacity without necessitating a full system replacement.

"Building owners don't have to choose between compliance and profitability," stated Ruben Petit, spokesperson for Ener.co. "Modern coil treatments can extend the life of equipment by up to 10 years while immediately improving energy efficiency. This creates a direct path to emissions reduction that is cost-effective due to lower utility costs."

Time-sensitive opportunity for compliance

The imminent deadline adds urgency for building owners who have put off efficiency improvements. Retrofit projects typically need several weeks for planning and execution, making immediate action critical for properties aiming to avoid penalties when enforcement starts.

Properties that invest in efficiency improvements before the deadline can enjoy reduced operating costs and avoid the continual financial burden of emissions penalties. With a penalty rate of $268 per metric ton, even minor efficiency upgrades can lead to significant cost savings for larger commercial properties.

About Us: Ener.co specializes in AC energy efficiency through proprietary coil coatings and treatment services. The company's flagship product, Enercoat®, is a protective graphene nano-polymer coating that restores and enhances the energy efficiency of aging cooling coils in commercial buildings, industrial facilities, and data centers. With over 14 years of application experience and zero incidents, Ener.co's solutions deliver consistent energy savings and significant reductions in carbon emissions.

Contact Info:
Name: Ruben Petit
Email: Send Email
Organization: Ener.co
Phone: +16463268718
Website: https://www.ener.co/

Release ID: 89174170

CONTACT ISSUER
Name: Ruben Petit
Email: Send Email
Organization: Ener.co
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