Is there any reason to comply early with Local Law 87?  The answer is both yes and no.

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Over time, Local Law 87 will probably become more onerous and stringent.  The City has hinted as much, and there are plenty of examples of this with other Local Laws.  The Local Law 11 facade inspection requirements for example, are far more difficult than they were when the law was first instituted.   Naturally, as requirements are made more difficult, the costs and headaches of compliance increase.



If there is a possibility that you will no longer own a building by the time it comes up for compliance, there is certainly an argument to be made to hold off.



If on the other hand, the building is a co-op or condo, or if you are relatively certain that you will own the building when it comes up for compliance, there is definitely a benefit to complying early.  The law is in its  "easiest" form right now, and complying now will most likely be less onerous and less expensive.   



Another item to consider is the potential energy savings.  The energy audit and retro-commissioning will help clients achieve significant energy savings.  By complying early, those savings can be realized now as opposed to later.

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*Complying early means that you do not have to do anything again for a long time.  If for example, your compliance date is 2016, and you choose to comply now, you will not have to do anything else again until 2026.  

 







 

Early Compliance: Good or Bad Idea?