Local Law 97

Presented by:

Joseph Staluppi, NYC Accelerator

June 20, 2023

NYC Accelerator Overview and NYC’s

Pathway to Decarbonization

New York City’s Pathway to

Decarbonization

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🞦 68% of New York City’s emissions comes from buildings

🞦 90% of New York City buildings will still be here in 2050

🞦 New York City aims to be carbon neutral by 2050

• Building decarbonization policies
• Free technical assistance
• Economic development
• Equitable transition away from fossil fuels

How Can NYC Accelerator Help?

🞦 Provide technical assistance for building upgrades

🞦 Deliver expert advice to determine requirements and help meet local

energy laws

🞦 Connect buildings with service providers for energy and carbon reduction projects

🞦 Identify applicable financial incentive programs and financing, such as NYC Accelerator PACE

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How Does NYC Accelerator Work?

🞦 Who is eligible?

• Any privately owned New York City building ≥5,000 square feet

(new or existing)

• Smaller buildings referred to partner organizations

🞦 How does it work?

• Call us and get connected with a dedicated Account Manager
• Receive objective advice customized to your needs

🞦 How much does it cost, and what’s the catch?

• No catch, no cost, no sign-up or commitment

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How Can NYC Accelerator Help You?

Learn About Program

Building Needs Assessment

Decide on Energy

Conservation Measures

Implement Measures

Stay in Touch

Typical Customer Experience

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How Can NYC Accelerator Help You?

Step 1: Learn About NYC Accelerator

🞦 Call us at 212.656.9202, email us at info@accelerator.nyc, or complete the contact form on our website: accelerator.nyc/contact.

• Speak with a Program Coordinator
• Get assigned a dedicated Account Manager

🞦 Free resources on the NYC Accelerator website (content being added

and updated)

• Building energy law information
• Technical primers explaining decarbonization opportunities
• Case studies
• Links to online tools: NYC Energy & Water Performance Map, GHG Emission Calculator
• Building Energy Snapshot

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How Can NYC Accelerator Help You?

Step 2: Building Needs Assessment with Account Manager

Account Manager

• Supply and confirm list of building(s) in portfolio
• Collect and assess benchmarking data

Collect Data

• Review energy letter grades (prioritize)

Analyze

• Determine LL97 compliance pathway: prescriptive vs. carbon reduction
• Number of rent-regulated units
• Discuss compliance deadlines and action items
• Prioritize buildings based on energy grades and LL97 emissions

Prioritize

• Determine applicable energy conservation measures to meet LL97 requirements
• Energy audit review, opportunities based on building typology, past ECMs completed
• Discuss sequencing of projects based on energy savings and carbon reduction impacts

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How Can NYC Accelerator Help You?

Toolbox and Resources

Process and Financing Support

Implementation Plan

Prioritize projects (energy efficiency and solar)

Incentive pathway

Utilities

NYSERDA +

Other New York City programs

Contractor pathway

Qualified contractors

Steps 3 and 4: Decide and Implement

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NYC’s Building Emissions Law: Local Law 97

LL97 Compliance: Market-Rate Building Examples

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🞦 Reduce emissions by improving major building system energy efficiency, such as:

• Lighting
• Heating system
• Cooling
• Controls
• Ventilation

• Domestic hot water

• Building envelope

• Elevators

• Roof

LL97: How Existing Buildings Could Meet 2030 Limits

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Tools & Resources

Building Energy Snapshot Tool

Click to watch

Contractor Look-Up Tool

NYC Accelerator Learning Center Overview

🞦 Access 40+ (and growing!) free online trainings to improve your industry and energy efficiency knowledge

🞦 Training content includes:

• Energy efficiency technology
• Energy efficiency sales and marketing
• NYC Local Laws

🞦 Links to ~ 20 training partners, such as Building Energy Exchange, Urban Green Council, North American Passive House Network, and CUNY Building Performance Lab to track trainings

NYC

Accelerator Financing Assistance

NYC Accelerator’s Financing

Assistance

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🞦 Identify applicable financing programs

• Relevant to specific project needs
• Fit with building use and financial structure

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🞦 Assist in navigating financing options

• Connection to capital providers and lenders
• Engage building stakeholders in the process
• Improve understanding of various financing products
• Guidance navigating options

Why Finance Energy Upgrades?

🞦 Minimizes or eliminates need for upfront funding

🞦 Addresses immediate and longer-term LL97 requirements

🞦 Facilitates large or stalled retrofit projects

🞦 Preserves building reserves for other necessary uses

🞦 Reduces financing costs by consolidating energy retrofits with other capital improvements or deferred maintenance

🞦Reduces utility and other operating expenses

• Annual energy savings may be greater than financing repayments, resulting in “net cash flow.”

Why Finance Energy Upgrades?

NYC Carbon Challenge

• Voluntary leadership initiative and public-private partnership for leaders in private, institutional, and non-profit sectors
• Pledge to commit to significantly reducing carbon emissions from buildings
• 125« active participants, plus 13 leading participants committed to Carbon Neutrality by 2030

Environmental Justice

CARBON CHALLENGE

Contact Our Team of Experts

Web: accelerator.nyc/LL97 Email: info@accelerator.nyc Phone: 212-656-9202

THANK YOU!