Our FS Energy subsidiary helps our clients significantly enhance their building’s efficiency by recommending strategies to reduce energy consumption, costs and emissions. Our energy experts consider all practical Energy Conservation Measures (ECMs) to tailor the best solution for your property.
FS Energy secures over $3 million in incentive funding for our managed properties each year for efficiency projects ranging from co-generation (CHP) and lighting retrofits to control systems and chiller upgrades. The volume of projects we oversee means our energy experts are well versed in every program that can provide incentive funding to our clients.
FirstService Residential properties are currently saving up to 13 percent on electricity and natural gas costs compared to rates charged by local utilities—through the FS Energy Aggregation Purchasing Program, which leverages the combined energy use of hundreds properties to negotiate lower-than-standard rates.
Each year our energy experts perform a detailed benchmark analysis of your property’s energy performance. The results are presented to you in a customized Energy Report Card that includes an annual potential savings model. Your Report Card arms you with measured data and practical recommendations to help your board make informed decisions when considering efficiency strategies.
FS Energy helps our clients achieve additional savings through:
• Advanced control system monitoring
• Energy audits and inspections
• Utility bill audits
• Preventive maintenance programs
• Staff training on maximizing building system performance
Local Law Compliance
Our team will help your building comply with NYC Local Law 84 (benchmarking energy and water
use) and Local Law 87 (energy audit and retro-commissioning).
Retrofit Analysis, Execution and Financing
For buildings with efficiency opportunities that lack upfront capital, we offer several methods to obtain financing through vendors, banks, and other capital providers where the energy savings are greater than the total project cost, thereby enabling cash flow positive projects to be undertaken by our clients.
"The decision to move to renewable energy is the latest in a long effort to make the Kips Bay Towers Condominium community more sustainable. Our ‘green’ initiatives have included the installation of solar panels, an LED lighting conversion, and implementing New York City’s e-cycleNYC, re-fashionNYC, and organics recycling programs. With each subsequent initiative, support grows for how we can operate even more effectively with minimal impact to our environment. With the support of FirstService Residential, we were very pleased to learn just how affordable renewable energy is, and it became the proverbial ‘icing on the cake’ for our latest environmental stewardship effort.” – BOARD MEMBER
FS Energy has helped our clients save more than $25 million in energy costs while reducing the carbon footprint of our New York portfolio by more than 15 percent since 2010.
Learn more at www.fsenergyservices.com
FS Energy is a NYSERDA Multifamily Performance Partner, a member of the NYC Mayor’s Carbon Challenge, and a participant in the US Department of Energy and HUD’s Better Buildings Challenge.