$67,603
Year 1 Actual Savings
12 Months
Actual Payback Period
1020 Grand Concourse, or The Executive Towers, is a 23-floor Co-op in The Bronx. The building was built in 1963. Each of the 453 units has a fan coil unit for heating and cooling.
Camille Quamina
Onsite Property Manager for The Lovett Group
“One of the deciding factors for this board and management in moving towards Parity was the fact that 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 projected at least $44,934 in utility cost savings during our first year at The Executive Towers. 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.
Year 1 Actual Savings
Actual Payback Period
Year 1 Reduced CO2 Emissions
Contracted Guaranteed Savings
Projected Payback Period
Potential Reduced LL97 Fine Exposure
Contact us now to get started.