NYC Local Law 97 · Energy retrofit finance

From LL97 exposure to closed financing.

We help NYC building owners price their LL97 exposure and fund the fix.

Searches the city's 2025 Covered Buildings List.

What goes into a capital stack

Utility rebatesState efficiency programsFederal tax creditsCity tax abatementsC-PACEGreen mortgagesMission-driven lendersAffordable housing programs

When will your building fall out of compliance? And where will the money come from to fix it?

The regulation

The cap keeps falling. The fines repeat every year.

≈50K

covered buildings

25Ksq ft

size threshold

$268

per ton of CO₂e over the cap

>50%

out of compliance by 2030 without upgrades

2024–2029
6.75kg CO₂e/sf

Initial caps

2030–2034
3.35kg CO₂e/sf

Caps cut about in half

2035–2039
2.69kg CO₂e/sf

Tighter again

2040–2049
2.05kg CO₂e/sf

Net zero by 2050

Multifamily (R-2) limits. Sources: NYC LL97; Urban Green Council.

The 2030 cliff

A building compliant today can be fined in 2030 without changing a thing.

Move the sliders to see what the gap costs.

Your LL84 benchmarking data gives this number. A building at exactly the 2024 cap is 6.75.

Annual fine from 2030$45K
Total fines 2030–2049$1.3M
First year over the cap2030
LL97 cap Your building Emissions over the cap (fined)

Illustrative multifamily estimate at $268/tCO₂e, assuming no upgrades.

How we help

One capital stack for your building.

Dozens of programs exist. We find the ones that fit and combine them.

Start by cutting the cost.

Rebates and program funding come first.

Then lower the net cost.

Credits and abatements that keep paying back.

Then finance the rest.

Green debt that often prices below standard loans.

How we work

One partner from audit to funded retrofit.

Most consultants stop at the audit. We see it through.

01/ 06
Assess

Step 01

Assess

Put a dollar figure on your LL97 exposure.

Step 02

Plan

Scope the upgrades and map the funding.

Step 03

Structure

Design the lowest-cost capital stack.

Step 04

Finance

Secure lenders, approvals and applications.

Step 05

Close

Run the closing so funds are released on time.

Step 06

Build

Stay on through construction and annual reporting.

Let's talk

Your building.Your capital stack.Your compliance timeline.

Tell us about the building. We'll send a first read on its exposure.