If you own a property, one of your obligations is to follow the municipal regulations of New York City. You may be unaware of the requirements of these regulations, which might cause issues when it comes time for your building to comply with any of them. To assist you to be more prepared for fulfilling their needs, below is a detailed summary of one of the city’s local laws that will provide you with in-depth knowledge of the subject.
Local Law 84
Local Law 84, or LL84, is one of the rules issued in 2009 under the NYC GGBP. Residential and commercial property owners are obliged by law to provide annual energy and water usage figures. Benchmarking is a method of assessing significance and water use every year, so the law is also known as the Benchmarking Law.
Structures covered by the law:
LL84 only applies to buildings in the city’s metro area, including Manhattan, The Bronx, Queens, Brooklyn, and Staten Island. The aforementioned structures, according to the Financial Department, must comply with Local Law 84:
- Facilities with a total area of more than 50,000 square feet.
- Two or more buildings on the same tax lot with a total size of more than 100,000 square feet.
- Two or more buildings totalling more than 100,000 square feet managed as a condominium. They should also have a board of directors in common.
What is benchmarking?
Benchmarking entails entering and submitting the total sum of the structure’s water and energy use to the benchmark platform, such as the US Environmental Protection Agency Portfolio Manager. Make sure to collect and submit statistics on your building’s water and energy use from the previous year.
- Each year, benchmarking reports must be filed by May 1.
- The data collecting period should last between January 1 and April 30.
- If your building used automated meter reading technology the previous year, there might be no requirement to do water use benchmarking. The Environmental Protection Department provides this equipment.
- You have the option of selecting the individual who will carry out the benchmarking procedure. A member of your office staff, the property manager, or a professional energy expert might be the person in charge. The latter is strongly suggested because many building owners are unfamiliar with the benchmarking tool. It is always best to prevent any potential troubles or problems by simply putting confidence in an expert.
Charges and Timelines
To comply with LL84, you must meet four deadlines. If you do not meet them, you will be penalized. With each missed deadline, your fine will increase:
- May 31 is the deadline for providing benchmarking data without being penalized.
- The last three deadlines are August 1, November 1, and February 1.
- The penalties for missing any deadlines start at $500 (for missing the first deadline) and escalate to $2000 in a year (i.e., will be increased by $500 each time).
Last few words!!
To adhere to Local Law 84, property owners must submit energy and water consumption to the EPA’s Portfolio Manager platform. This monitoring device lets house owners compare the energy efficiency of their facility to that of similar structures. You must provide a separate report for each system covered by the statute.