The Edge Condominium
268,010 square feet
5 commercial units
NYCEEC loan product
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.
THE PROJECT NUMBERS
|Total project cost||$127,625|
|Annual NYCEEC loan payments||$39,997|
|Simple payback period||2.7 years|
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.
*Projected energy savings based on source savings; calculations based on common area lighting electric savings