Between 2011 and 2013, owners and managers of existing properties in New York City will start to feel the impact of two energy-related laws signed by Mayor Michael R. Bloomberg at the end of 2009. Many property professionals might still be unfamiliar with the new codes, introduced as part of the Mayor’s “Greener, Greater Buildings Plan.”
• Local Law 84 of 2009 mandates annual energy benchmarking, starting in 2011.
• Local Law 87 of 2009 mandates energy auditing and retro-commissioning every 10 years, starting in 2013. Buildings will report according to tax block number, so that only about 10% of “covered buildings” file each year.
Properties subject to the requirements of these laws include:
1) buildings over 50,000 square feet in area;