Compliance with Local Law 87, also known as the NYC Energy Conservation Code (NYCECC), is crucial for NYC building owners. This law mandates energy efficiency measures for existing buildings to reduce emissions, improve performance, and promote sustainability.
Benefits of Compliance:
1. Legal Compliance: Local Law 87 is a legal requirement for buildings over 50,000 sq ft. Non-compliance can result in fines, penalties, and legal liabilities. Complying ensures good standing with city regulations.
2. Energy Cost Savings: Energy audits and retro-commissioning identify inefficiencies and implement energy-saving measures, reducing consumption and utility costs, improving the bottom line.
3. Increased Property Value: Compliant buildings with improved energy performance command higher property values, attracting tenants and buyers with lower operational costs and reduced environmental impact.
4. Enhanced Environmental Sustainability: Compliance reduces greenhouse gas emissions, contributing to combatting climate change by implementing energy-saving measures and reducing carbon footprint.
5. Positive Public Relations: Compliance demonstrates commitment to sustainability, improving public image and reputation. Goodwill among tenants, customers, and the community is enhanced.