Case Study: 401 East 86th Street achieves $107K in first-year utility savings with Parity

401 East 86th Street saves $107K in year 1 with Parity

The customer at 401 East 86th Street, a co-op condo in Manhattan, faced high utility costs with its aging fan coil HVAC system. The vendor Parity was engaged to implement its remote optimization service to address this challenge.

Parity's solution involved the remote optimization of the building's systems, including its cooling tower, ventilation, domestic hot water, and pumps. The results were substantial, with actual first-year utility savings of $107,217—more than 3.5 times the guaranteed amount—and a payback period of only two months. Parity also helped prevent 226 tons of CO2 emissions, reducing the building's potential exposure to LL97 fines by $60,495, and generated an estimated $3,000 in demand response revenue.