Putting Data to Work: Making the Financial Case for Energy Efficiency Upgrades

NYCEEC efficienSEE™ Tool

In September 2014, New York City (NYC) committed to reducing its greenhouse gas (GHG) emissions 80 percent by the year 2050 (80×50), with an interim target to reduce emissions 40 percent by 2030. Building energy use reduction will play a significant role in achieving NYC’s 80×50 goals, as buildings account for nearly 70 percent of the city’s annual GHG emissions.

This case study examines how jurisdictions that have collected whole-building energy benchmarking data may leverage the modeling and development of New York City Energy Efficiency Corporation’s (NYCEEC) efficienSEE™ tool to provide their stakeholders with tools to make the financial case for energy efficiency upgrades. NYCEEC is a non-profit specialized lender and efficienSEE™ supports NYC’s emissions reduction goals by helping building owners and property managers to realize the importance of energy and water efficiency investments in saving energy and cost.

This case study is part of IMT's Putting Data to Work toolkit. This comprehensive toolkit is the result of a three-year pilot project that aimed to use building performance data and asset information to help city government sustainability leaders, utilities, and efficiency program administrators and implementers make more informed business decisions and increase building efficiency. The project examined energy efficiency program design and delivery in the District of Columbia and New York City to produce a toolkit of best practices, actionable tools, and case studies to enable other local governments, utilities, and efficiency program implementers to replicate successes. The full toolkit, as well as details on upcoming blogs and webinars associate with the project, is available at imt.org/PuttingDatatoWork.