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

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.

23 Floors

453 Units

Co-op

2-Pipe Fan Coil

Built in 1963

Central Heating & Cooling

This Project's Impact

$67,603

Year 1 Actual Savings

12 Months

Actual Payback Period

166 Tons

Year 1 Reduced CO2 Emissions

$44,934

Contracted Guaranteed Savings

1.3 Years

Projected Payback Period

$44,607

Potential Reduced LL97 Fine Exposure

Systems We Remotely Optimize To Automate Savings:

Chiller

Boiler

Ventilation

Domestic Hot Water

Pumps, Fans, & Motors

Are You Ready To Let Parity Optimize Your HVAC Systems With No Upfront Investment?

Contact us now to get started.

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