Ecosystem has obtained a grant for our client, the International Tailoring Company Building (ITCoB), from the first round of NYSERDA’s Low Carbon Pathways for Multifamily Buildings program. This program awards projects that will advance upgrades to reduce greenhouse gas emissions and improve energy efficiency. The ITCoB is one of only six buildings in New York State to benefit from funding in this first round.
As part of our integrated design and construction project delivery, Ecosystem applies for and obtains all relevant project-related incentives on behalf of our clients. Our incentives team is involved in each of our projects from start to finish, managing every stage of the application process. The team is constantly on the lookout for new programs, funds, and tax credits for energy projects and maintains close and constructive ties with funding bodies to encourage them to provide energy incentives.
On this project, the ITCoB benefited from more than $1.7 million in total incentives from NYSERDA as well as Con Edison.
Originally built in 1925, the ITCoB was facing issues with aging infrastructure and tenant discomfort. Ecosystem addressed these problems, as well as Local Law 97 compliance, with a comprehensive energy infrastructure retrofit project. The existing gas-fired absorption chillers that provided both heating and cooling are being replaced with a hybrid air-source heat pump (ASHP) and condensing boiler system — heat recovery between units increases efficiency, individual unit temperature control improves resident comfort, and significant resiliency adds peace of mind. Additionally, the cooling tower has been replaced with an adiabatic dry cooler, which simplifies operations and maintenance by effectively eliminating legionella risks. The project will reach full LL97 compliance and boost the building’s energy grade from a D to a B.
For a technical overview of the project, read on here.