A Practical Blueprint: Yorkville Co-op's Decarbonization Plan
Manage episode 447286048 series 3397088
A Yorkville co-op's successful HVAC upgrade demonstrates how boards can tackle Local Law 97 compliance while achieving significant cost savings. The $900,000 project, overseen by the EnPower Group, replaced an inefficient gas-powered absorption chiller with an electric heat pump system, eliminating $80,000 in annual carbon penalties and generating $80,000 in yearly energy savings, with a projected 5-year payback period. Habitat's Emily Myers interviews EnPower's Michael Scorrano, managing director, to understand this practical blueprint for other NYC buildings facing similar challenges.
Key Details:
· Location: 525 East 82nd Street, Yorkville
· Challenge: Outdated gas-powered absorption chiller system facing $80,000 annual penalties under LL97
· Solution: Conversion to electric modular heat pump system
· Project Cost: $900,000
· ROI: Approximately 5 years, based on:
o $80,000 annual energy cost savings
o Elimination of first-round carbon penalties
Technical Implementation:
· Doubled common area electrical capacity (400kW increase)
· Installed modular heat pump equipment for easier installation
· Added variable speed drives on pumps
· Required Department of Buildings approval for electrical modifications
Key Takeaways for Boards:
1. Start early - these projects take multiple seasons to complete
2. "In-kind" equipment replacement won't meet LL97 requirements
3. Consider future-proofing solutions (20-year outlook)
4. Evaluate electrification options, especially for centrally cooled buildings
5. Research available incentives and rebates
6. 2030 penalties are only six years away - planning should start now
Next Steps for Subject Building:
· Considering further electrification options for domestic hot water
· Evaluating partial electrification for winter heating to further reduce fossil fuel usage
Thanks for listening. Subscribe to this podcast for more stories on how New York co-ops and condos have solved a myriad of problems. Brought to you by Habitat Magazine, the "bible" that hundreds of board directors turn to every day!
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