1020 Grand Concourse

$67,603

Year 1 Actual Savings

12 Months

Actual Payback Period

1020 Grand Concourse is a white brick fan coil NYC co-op building.

How Parity Helped 1020 Grand Concourse

It takes a lot of energy to heat and cool a 23-floor, 453 unit building. That means energy consumption is high and utility costs are through the roof.

1020 Grand Concourse, or The Executive Towers, is a co-op located in The Bronx. The building was built in 1963 and utilizes a 2 pipe water-based system. They have a cooling tower with 2 gas-fired chillers and 2 gas-fired boilers. Each unit has a fan coil system for heating in the winter and cooling in the winter.

This is a common building type we see in New York City and a problem Parity can help solve.

Optimizer, our HVAC optimization service, maximizes energy efficiency and improves building operations, without affecting occupant comfort.

We automatically control and optimize central HVAC systems in real time through remote control adjustments.

These adjustments change equipment performance parameters (set points, speed, etc.) to maximize energy efficiency and improve HVAC operations, without affecting occupant comfort.

Parity is focusing on lowering the building’s energy consumption by controlling and optimizing its central HVAC equipment. This includes the chillers, boilers, pumps, domestic hot water, and ventilation on the roof.

Camille Quamina

Property Manager - The Lovett Group

“Our energy consumption was very high. Parity’s solution seemed like the best way to shift from being reactive to proactive. They have control of our systems to reduce our carbon emissions and operating costs. And they were definitely on target… actually, they exceeded our expectations with the results they achieved.”

We installed the necessary hardware to enable our software to communicate with the equipment at the building, and then we were off running. This typical only consists of a control panel, but when needed, VFDs or a BMS can be included in the project scope. We know every building is different, so we meet you where you are at.

Our team of HVAC experts canvased the building and determined that we project at least $44,934 in utility cost savings during our first year at The Executive Towers. This is based on how the equipment is currently operating and what HVAC systems the building has.

We over-delivered and saved the building $67,603! That means instead of a 1.3 year payback period, the building saw its ROI in only 12 months.

Plus, we prevented 166 tons of CO2 from entering the atmosphere, which translates to $44,607 in potential reduced LL97 fine exposure.

Beyond the savings, we provide the on-site building staff with a monitoring and alerts dashboard. These alerts have saved countless hours searching for problems and preventing bigger issues from arising.

Now, 1020 Grand Concourse has an efficient and streamlined HVAC system that delivers maximum energy efficiency and lower utility costs.