Avenue of the Americas Tower
Con Edison Covers 70% of VFD Retrofit Project at 1345 Avenue of the Americas Tower
- Total project cost: $403,000
- Con Edison incentive payment: $282,000
- % of project cost covered by Con Edison: 70%
- Annual kWh savings: 1,135,270 kWh
- Payback period: <1.5 years
Overview
Fisher Brothers is a real estate investment company with almost a century’s worth of experience building, owning, and managing more than 10 million sq ft. of Class A buildings in New York. As part of the company’s long-term commitment to sustainability, Fisher Brothers looks for new opportunities to improve the efficiency of their Midtown offices. Recently they selected the 1345 Avenue of the Americas tower for a variable frequency drives (VFDs) retrofit project.
Through Con Edison’s C&I Program, Fisher Brothers qualified for substantial incentives that covered 70% of the cost to retrofit their VFDs. Twenty VFDs were integrated into the building management system to enhance system controls by reducing operating speeds. This enhancement extended the life of their equipment, reduced carbon emissions, and lowered operating costs.
As a result of this successful project, Fisher Brothers decided to work with Con Edison to make additional energy efficiency upgrades to further reduce their carbon emissions and improve tenants’ comfort and overall well-being.