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Deal Spotlight

The Edge Condominium

$ 0
Annual cost savings
0 %
Projected energy savings
external view of a tall glass building against the sky

The Building: The Edge Condominium

Building type

Building size
2 buildings
268,010 square feet
565 units
5 commercial units

Year built

Brooklyn, NY

Project type
Energy efficiency

LED lighting

NYCEEC loan product
Equipment loan

3 years

Closing date
November 2018

The Project

The Edge is financing a project to retrofit its existing fluorescent T5 and T8 lighting with higher-efficiency LED lighting.  The Edge is using a NYCEEC equipment loan with ConEd incentives to fund the project.  The scope involves replacing over 500 fixtures in the common areas including the hallways, refuse rooms, amenity spaces, stairwells, storage and maintenance rooms.

Total project cost


ConEd incentives




Annual savings


Annual NYCEEC loan payments


Simple payback period

2.7 years

The Results

The replacement of antiquated lighting with warmer, brighter and more efficient light bulbs was enabled by NYCEEC financing. Lighting energy cost savings more than pay for the financing costs associated with these improvements. The building will capture the full annual energy cost savings of $40,000 after the three-year loan term.