Capital Planning and Electrification in the Time of Local Law 97
Capital planning has always been an integral part of a building owner’s strategy, but with NYC’s Local Law 97, state and city carbon reduction goals, gas moratoriums, and a shift towards electrification, it is more important than ever to have a long-term strategy based on the specifics of a building, property, or portfolio. This session will provide an overview of different integrated solution options and technologies for both commercial and residential buildings, including geothermal, thermal storage with energy sharing, and VRF. Additional discussion will include key lessons learned from an in-depth feasibility study, and how buildings can work together to drive energy savings.
- Define long-term capital planning and contextualize it within NYC’s Local Law 97.
- Describe the function of feasibility studies in planning for long term emission reductions.
- Evaluate different technologies that utilize waste heat.
- Prioritize equipment replacement to meet carbon emissions goals.