A woman working on her computer and looking at Parity's Pi dashboard. Pi is part of Parity's Optimizer service.

Actual Utility Cost Savings

We’re so confident in our unique approach that we guarantee utility cost savings. If we don’t achieve our predicted utility savings for a customer, we cut them a check for the difference.

How we help save you 
money, guaranteed

Parity backs up our utility cost savings promise with a guarantee. If we don’t deliver on our predicted savings, we will write you a check for the difference – guaranteed.

We’re able to make this guarantee because our Optimizer service has proven its ability to reduce energy use from HVAC systems and deliver predicted cost savings in multifamily residential buildings and hotels across North America.

Plus, we offer a zero upfront investment option to make working with us a no-brainer.

A cup filled with coins and a plant is growing out of it. Working with Parity means guaranteed savings on your utility bill.
IPMVP Best Practices

How Savings are Verified

Baseline Data Collection

We collect historical utility consumption and cost data from your building to set a baseline.

Real-Time HVAC Optimization

Optimizer collects data on energy use and uses it to micromanage HVAC systems and minimize energy demand in real-time.

Automated IPMVP Reporting

Parity’s reporting service automatically verifies and normalizes the data using the International Performance Measurement and Verification Protocol (IPMVP) to generate degree-day weather-adjusted quarterly and yearly reports for you.

Savings Report

Regular savings reports are issued. These reports display your savings, highlight any updates, and provide insights into your HVAC systems’ operations.

Guaranteed Savings

If we don’t hit our guaranteed savings target, we cut you a check for the difference.

Case Studies

See how Parity delivers energy savings to customers like you.
All Case Studies
Avalon Clinton South is a PTAC building in New York City with glass windows and a reddish brown exterior.

$145,245

Year 1 Actual Savings

10 Months

Actual Payback Period

24 Floors

288 Units

Rental

Hot Water PTAC

$165,917

Year 1 Actual Savings

10 Months

Actual Payback Period

57 Floors

264 Units

Condo & Rental

4-Pipe Fan Coil + Water Source Heat Pump

401 East 86th Street is a white brick fan coil NYC co-op building.

$107,217

Year 1 Actual Savings

2 Months

Actual Payback Period

19 Floors

229 Units

Co-op

2-Pipe Fan Coil

Frequently Asked Questions

How does Parity set a baseline for comparison?
We follow the International Performance Measurement and Verification Protocol (IPMVP), which is the industry standard for baselining and measuring energy efficiency savings. This includes normalizing for weather using heating degree and cooling degree day calculations. We issue quarterly reports detailing the savings vs. baseline as part of the service.
How does Parity generate energy savings?
The HVAC performance parameters (set points, fan speeds, etc.) that we achieve ensure that energy supply is at parity with demand. In other words, the amount of electricity and fuel that is consumed in order to deliver the requisite heating, cooling, and ventilation in the building will be reduced since energy waste within each of the HVAC systems that we are controlling will be eliminated.
Are there additional benefits beyond Parity's savings?
Yes. Our service also results in reduced maintenance and service call costs, reduced exposure to fines from Building Performance Standards (Local Law 97, BERDO, BEPS), lower CO2 emissions, and increased equipment lifespans.
How does Parity account for increasing energy costs?
Increasing energy costs is one of the most compelling reasons to use Parity. Our guarantee takes energy price fluctuations into account, so it remains valid even if prices go up.
What happens if Parity generates extra savings?
You pocket the extra savings.💰 Yup, that's right. Working with us is like having a fairy godmother and tooth fairy all in one.
How does Parity track the progress of the savings guarantee?
Optimizer monitors your building’s HVAC systems 24/7/365. You can access the data and insights via the Pi dashboard. Parity’s reporting service automatically verifies and normalizes the data using IPMVP to generate degree-day weather-adjusted quarterly and yearly reports for you. You’ll have authenticated GHG emissions data at your fingertips to report to leadership, shareholders, board members, tenants, or regulators. All of this available data makes it easy to track how much energy and money you’ve been saving with Optimizer.

Are You Ready To Save 20-30% In Utility Costs?

Discover your building’s potential with Parity.