Capital planning has always been an integral part of a building owner’s strategy, but with NYC’s Local Law 97, state and city carbon reduction goals, gas moratoriums, and a shift towards electrification, it is more important than ever to have a long-term strategy based on the specifics of a building, property, or portfolio. This session will provide an overview of different integrated solution options and technologies for both commercial and residential buildings, including geothermal, thermal storage with energy sharing, and VRF.

In commercial buildings, tenants account for more than 50% of energy use. With the recent enactment of Local Law 97, tenant energy contribution becomes even more critical, as commercial landlords will not be able to comply with emission caps if tenants are not engaged. This session will highlight how two tenants collaborated with their building owner to implement advanced energy solutions and reduce building energy consumption.

New York City’s Climate Mobilization Act (CMA) is viewed by many building owners as legislation thrust upon them, mandating unaffordable retrofits that benefit the environment at their expense. But for owners with the right strategy in place, these retrofits present a highly profitable investment opportunity, even with little access to capital.