Think of Local Law 97 (LL97) compliance as a high-stakes game of energy efficiency. We're here to ensure you meet the stringent emissions requirements effectively and cost-efficiently. Bringing a building into compliance with LL97 can be a significant financial undertaking for property owners in New York City. The costs associated with compliance can be steep and complicated, potentially reaching tens or hundreds of thousands of dollars annually for non-compliant buildings. These expenses may include:
- Energy efficiency upgrades
- Electrification of heating and cooling systems
- Installation of renewable energy systems
- Retrofitting existing infrastructure
- Potential penalties of $268 per ton of CO2 over the emissions limit
For many businesses, especially small and mid-sized companies, these costs can be daunting. However, Catalyst Power offers business-friendly solutions to help achieve LL97 compliance with minimal upfront investment.
Catalyst Power's Approach to LL97 Compliance
Catalyst Power is a one-stop shop for businesses navigating the complexities of LL97 compliance. We’ve been demystifying the process of LL97 in some of our recent blogs and its fast-approaching compliance deadline (May 1), including fines, strategies, and its compliance reporting. Here’s how we can help your business get closer to meeting its goal:
- Comprehensive Assessment: Catalyst Power conducts a thorough evaluation of a business's energy usage and costs, developing tailored strategies that align with specific needs and goals.
- No Upfront Investment: This is important. We specialize in integrating retail electricity with cleaner energy solutions designed to help C&I companies like yours reduce costs without requiring upfront capital. This keeps money in your pocket while we navigate LL97 regulations and customize solutions for you.
- Complete Solutions, Expertly Bundled: Catalyst Power manages the entire process—we own, operate, and manage all of our on-site products and services. From navigating incentives and permits to installation and ongoing optimization, our role allows business owners to focus on their core operations. We offer a range of solutions, including cogeneration systems and on-site solar installations like our Connected Microgrid®, battery energy storage, and community solar subscriptions.
While Catalyst Power's offerings are comprehensive, it's important to note that they are part of a larger compliance strategy. Businesses should still consider additional measures such as:
- Exploring financing options like PACE (Property Assessed Clean Energy)
- Implementing long-term decarbonization strategies and bundling multiple services
By combining Catalyst Power's solutions with other available resources and programs, businesses can create a strong, cost-effective approach to LL97 compliance, ensuring you meet your obligations while potentially improving your bottom line. Contact our Energy Experts today to keep your business LL97 compliant!
