As a building owner in New York City, you may have heard about Local Law 84, and the Benchmarking Law requirements it contains. The law requires owners of certain buildings to annually measure and report their energy and water use to the city. For building owners who are not sure how the Benchmarking Law impacts them, understanding the requirements and deadlines can be overwhelming. It’s important to comply with the law to avoid financial penalties, and hiring a compliance specialist can be a sound investment.
What is the Benchmarking Law?
The Benchmarking Law is an important part of New York City’s effort to reduce greenhouse gas emissions and improve energy efficiency. By requiring building owners to track and report their energy use, the city can identify buildings that are using more energy than similar buildings and work to help owners reduce their energy consumption.
What Building Owners Need to Do
The law applies to buildings that are 25,000 square feet or larger or are part of a portfolio that has a combined square footage of 100,000 square feet or more. If your building falls into these categories, you’ll need to submit annual data about your energy and water use before the due date each year to avoid financial penalties.
Consider a Compliance Specialist
If you’re feeling overwhelmed by the Benchmarking Law, or if you’re not confident in your ability to comply with the requirements, consider bringing in a compliance specialist. They can help you navigate the benchmarking process, ensure that you’re reporting accurate data and identify opportunities for energy savings. They can also help you avoid penalties for noncompliance, which can quickly add up if your data is delinquent.
Contact Latitude Compliance Today
At Latitude Compliance, we specialize in helping building owners comply with the Benchmarking Law and improve their energy efficiency. Our team of experts can handle all aspects of the benchmarking process, from data collection to reporting, and can provide customized recommendations for reducing energy use in your building. Contact us today to learn more about how we can help you save money and stay in compliance with the Benchmarking Law.
Posted on behalf of Latitude Compliance