Ask Our Experts: Getting the Work Financed: Financing Solutions, Incentives, and Capital Planning

WHAT WE’LL COVER:

In this webinar, we will cover financing options for buildings that are planning energy retrofits for Local Law 97 compliance. Topics will include:

• Traditional and non-traditional financing solutions
• Incentive programs
• Capital planning

In order to meet emissions targets on time and avoid penalties, boards and managers must understand the pathway to compliance for your building.

OUR EXPERTS:

• Kelly Dougherty, President, FirstService Energy
• Jordan Muchnick, Vice President of Lending, FirstService Financial

NYC LOCAL LAW 97 FAST FACTS:​

• Starting in 2024, a carbon emissions cap will be placed on buildings larger than 25,000
• sq. ft. The cap will determine the building’s annual emittance of carbon .
• Buildings that exceed their emissions cap will pay a fine of $268/Mt.Co2e
• 2025 fines will be based on 2024 usage
• The emissions cap reduces every 5 years until 2050
• By 2050, the city’s goal is to have reduced emissions to net zero