ROI of Energy Efficiency in Class B Buildings

urbanUrban Innovations is a fully integrated real estate investment firm, which controls 11 commercial properties in Chicago’s River North neighborhood with more than 180 tenants. EDF Climate Corps fellow Michael Perry developed an Excel-based tool that identified applicable rebate information and calculated cost-savings from upgrading to more energy efficient systems and equipment. Through the use of this tool, Urban Innovations identified annual reductions of over 990,000 kilowatt hours in electricity usage, over $70,000 in annual cost-savings, over $72,000 in immediate rebates, and over 846 metric tons in greenhouse gas reductions.

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