A woman is paying her utility bill while checking Pi. Working with Parity means guaranteed savings on your utility bill.

Actual Savings on your utility bill

We’re so confident in our unique approach, that we guarantee utility cost savings. If we don’t achieve our predicted energy 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.

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.

Savings Report

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

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.

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
Epic on Triangle Park is a large, modern Canadian condo building at 68 Abell St in Toronto. We have a guaranteed savings in place for Epic on Triangle Park.

$558,297

5 Year Actual Savings

210 Tons

Annual Reduced CO2 Emissions

Kingsbridge Grand, located at 4470 Tucana Ct, is a glass Condo building surrounded by trees turning color in fall. We have a guaranteed savings in place for Kingsbridge Grand.

$228,187

5 Year Actual Savings

94 Tons

Annual Reduced CO2 Emissions

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

353 Tons

Annual Reduced CO2 Emissions

Frequently Asked Questions

How do you 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 do you 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.
What happens if Parity doesn't achieve its guaranteed energy and cost savings for multifamily buildings?
If the data shows Optimizer was ineffective for your building, Parity will cut you a check for the difference between our lower cost estimates and what you actually paid for energy.
Do you guarantee savings for multifamily residential buildings?
Yes. By analyzing your building’s historical data, energy usage, and utility bills, we can very accurately calculate your building’s predicted energy and cost savings. We’re so confident in the effectiveness of our Optimizer service that we can guarantee every multifamily customer will pay less for their energy after working with us. We refund our fees to customers if it doesn’t happen.
Do you guarantee savings for hotels?
Yes. By analyzing your building’s historical data, energy usage, and utility bills, we can very accurately calculate your building’s predicted energy and cost savings. We’re so confident in the effectiveness of our Optimizer service that we can guarantee every hotel customer will pay less for their energy after working with us. We refund our fees to customers if it doesn’t happen.

Ready To Let Parity Optimize Your HVAC Systems’ Performance?

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