Energy Efficiency

ConEd Targets Split Incentive Problems with Tenant Retrofit Program Components

Tenants and landlords can join forces to get incentives from Con Ed

NYREJ,  January 15, 2014

Tenant spaces in commercial properties in New York City offer a significant, and largely untapped, opportunity for energy savings. While common areas in many office buildings, multi-tenant, and other commercial properties have been upgraded by building owners and managers, a large percentage of tenant spaces contain older, inefficient equipment that often wastes electricity and gas. In fact, tenants are responsible for consuming between 55-60% of a commercial building’s total energy use, according to a recent study by the Natural Resources Defense Council (NRDC). The Con Edison Commercial & Industrial (C&I) Energy Efficiency Program, www.conEd.com/energysavings, can work with both tenants and landlords to reduce energy usage in leased spaces in the N.Y. metro region. The two groups have increasingly been working together to upgrade electrical and gas equipment, for a mutually beneficial reduction in operating costs.

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