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Ebook - Sustainability and Savings at Scale

Stay focused on your core business with the help of Redaptive. Our offerings support your organization through all three compliance periods of Local Law 97: collecting data and reporting to implementing building improvements needed  to achieve the ambitious goals set for New York City real estate. Find out if your building is affected by LL97!

The Law in Brief

Report carbon emissions and make meaningful progress to reduce carbon emissions - or face penalties.

IMPACTED PROPERTIES

  • Buildings over 25,000 s.f.
  • Two or more buildings on the same tax lot with a combined area exceeding 50,000 s.f
  • Two or more buildings owned by a condominium association, governed by the same board, exceeding 50,000 s.f.

REQUIREMENTS

  • Sets emission limits for buildings over 25,000 s.f.
  • Annual reporting starts May 1, 2025
  • Caps get more stringent over time
  • Building upgrades may be required if over GHG limits.

PENALTIES

  • Excess emissions: $268 per metric ton of CO2 above the limit
  • Failure to submit report: $0.50 per sq. ft. per month until compliance
  • False reporting: $500,000 or more
IMPACTED PROPERTIES
REQUIREMENTS
PENALTIES

IMPACTED PROPERTIES

  • Buildings over 25,000 s.f.
  • Two or more buildings on the same tax lot with a combined area exceeding 50,000 s.f
  • Two or more buildings owned by a condominium association, governed by the same board, exceeding 50,000 s.f.

REQUIREMENTS

  • Sets emission limits for buildings over 25,000 s.f.
  • Annual reporting starts May 1, 2025
  • Caps get more stringent over time
  • Building upgrades may be required if over GHG limits.

PENALTIES

  • Excess emissions: $268 per metric ton of CO2 above the limit
  • Failure to submit report: $0.50 per sq. ft. per month until compliance
  • False reporting: $500,000 or more

Compliance period

2025

40%

Report & Assess
2030

40%

Emission Reduction
2050

80%

Emission Reduction

Stay focused on your core business with the help of Redaptive

Submit your carbon emissions reports with ease and avoid costly penalties with the Redaptive Data Solutions Platform. Tackle your building retrofits at little to no cost with an Energy-asa-Service (EaaS) model or take advantage of our tailored to fit capital financing solutions for equipment upgrades.

Data Solutions

Reduce complexity in reporting, identify cost savings, and develop a robust sustainability roadmap – for a clearer, faster path to net zero - Period.

 

  • Access to real-time, granular data.
  • Eliminates manual effort to gather tenant utility bills.
  • Streamlines Energy Star Portfolio Manager and LL97 reporting.
  • AI Powered insights identify energy saving opportunities
Report LL97

Avoid the complications of most other metering systems with Redaptive’s simple to install, easy to scale eletcric meter.

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Cost effective

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Easy to install and scale

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Circuit-level granularity

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Monitors up to 48 circuits

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Independent connectivity

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Financing Solutions for Sustainability Success

If yours is one of the 65% of buildings that doesn’t currently meet 2030 CO2 emissions caps, we have solutions. Our programs require no capital expenditure and can be tailored to your organization’s performance goals.

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Energy Efficiency

our Energy-as-a-Service offering includes variable, performance-based billing that provides off-balance-sheet potential.

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Alternative Power Generation

Power Purchase Agreements (PPAs) allow you to lock in pricing over the longer-term protecting you from future volatility.

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Equipment Financing

Supports your capital equipment acquisitions with our On or Off-Balance-Sheet structures to maximize tax benefits.

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Remarketing Solutions

Customized, turnkey disposition solutions to optimize cash flow from inefficient equipment and promote the acquisition of new, efficient assets.

Program Highlights

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Competitive Capital

  • Avoid large capital outlays.
  • Access to multiple funding mechanism.
  • No hidden cost.

 

Get a Free Consultation
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Tailored Structure

  • Payments based on usage, savings or fixed.
  • Convert shorter term rentals to longer term leases.
  • Utilize sale leasebacks to generate additional capital.
  • Ability to match term to useful life
Get a Free Consultation
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Flexible and Convenient Process

  • Best-in-class partnerships to solve your product and
    financing needs.
  • Ability to support large C&I projects that include 
    interim progress fundings with multiple vendors.
Get a Free Consultation
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Dedicated Team

  • Combined 50+ years of energy and equipment financing experience
Get a Free Consultation

Get a Free Consultation

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