$86,140
Year 1 Actual Savings
1.42 Years
Anticipated Payback Period
Rising in the heart of Lincoln Square, Element (555 West 59th Street) is a 33-story modern glass high-rise condo. 555 West 59th Street was built in 2007 and boasts 186 units. The building has central heating and cooling through water source heat pumps.
We projected at least $47,344 in guaranteed energy savings during our first year at 555 West 59th Street. We over-delivered and saved the building $86,140! That’s the equivalent of preventing 76 tons of CO2 from entering the atmosphere, which translates to a potential reduction of $20,325 in LL97 fine exposure.
Additionally, our team of HVAC experts supports on-site building staff if issues arise. For example, in November of 2024, we assisted the Resident Manager in resetting a cooling tower pump to remote control, which had been previously running in local mode. Another scenario was in April 2025, when we noticed that the RTUs were not running. We cycled through communication modes to restore proper function of the fans.
Douglas Elliman, the Property Management company, engaged Parity to reduce energy costs and lower exposure to Local Law 97 fines at the 555 West 59th Street. Previously, the buildings also didn’t have advanced controls, so everything was done manually and without the precision Parity provides.
Year 1 Actual Savings
Anticipated Payback Period
Year 1 Reduced CO2 Emissions
Contracted Guaranteed Savings
Projected Payback Period
Potential Reduced LL97 Fine Exposure
Discover your building’s potential with Parity.
$145,245
Year 1 Actual Savings
10 Months
Actual Payback Period
$104,003
Year 1 Actual Savings
8 Months
Actual Payback Period
$67,603
Year 1 Actual Savings
12 Months
Actual Payback Period