Deal Spotlight
Reducing Energy Usage in the Healthcare System
0
%
Projected energy savings
0
%
Projected GHG savings
The Building: Constitution Health Plaza
Building type
Institutional
Building size
4 buildings
282,000 sq ft. office spaces plus 425 parking spots
5 floors
Year built
1920
Location
Philadelphia, PA
Project type
Energy efficiency
Upgrades
New chiller, 2 new boilers, VFD’s, building energy management systems, & other energy upgrades
NYCEEC loan product
ESA-backed loan
Term
7 years
Closing date
September 2017
The Project
Ecosave Services LLC has developed a retrofit project for Constitution Health Plaza to install a new chiller, 2 new boilers, VFD’s, building energy management systems and other measures that Ecosave guarantees will reduce electricity usage in the building by a total of 1,515 MWh per year, and natural gas use by 176,473 therms per year.
Total project cost
$2.7 M
NYCEEC loan
$2.6 M
The Results
Constitution Health Plaza houses numerous organizations providing critical healthcare services to a community of working families in Philadelphia. By working with Ecosave, Constitution Health Plaza was able to upgrade its HVAC system to increase reliability, provide more tenant and patient comfort, save on utility costs, and contribute to GHG reduction. NYCEEC’s loan to Ecosave for this project allowed NYCEEC to expand both its geographic presence and enhance its product offerings for the healthcare/institutional sector. Ecosave was able to leverage its capital to allow it to develop more enegy saving and greenhouse gas reducing projects.