HEAT PUMP RETROFITS
FOR MULTIFAMILY BUILDINGS IN NEW YORK CITY
Building owners today are both increasing Cap Rate values and meeting their Net Zero carbon targets by switching to cost-saving heat pumps.
Heat pump retrofits increase multifamily asset values by both increasing efficiency and introducing efficient cooling where it did not exist, improving tenant comfort, experience, and building rental demand.
Heat pump technology is the most energy-efficient way for heating and cooling which in turn plays a vital role in decarbonizing multifamily buildings.
Executing on a generational change to the heating system of a 50-year-old building, with sitting tenants is a daunting task for any decision makers. Bondi has the experience and solution tool set to meet the financial and energy goals of the asset retrofit.
Increase Cap Rate Values
Increase your multifamily building’s CAP rate value by $25,000/ suite. On a 100-unit building, that’s a $2,500,000 increase in multifamily building value. (Based on a 4% cap rate).
WHY HEAT PUMPS?
Work in Cold Climates
Heat pump technology has advanced tremendously in recent years. Rely on the same heating performance as traditional sources.
Provide Both Heating and Cooling
One solution for efficient heating and cooling and to electrify multifamily buildings.
Protect Against Future Carbon Fines and Taxes
Governments are implementing local laws (like Local law 97 in New York) that fine building owners that fail to reduce carbon emissions.
Perfect for Retrofit Applications
Minimal disruption to sitting tenants as well as your building’s facade.
Improve Tenant Experience and Retention
Introduce air conditioning, provide great comfort control, and improve affordability.
BONDI’S
TURNKEY SERVICE
Financial &
Energy Modelling
Custom building analysis complete with heat loss calculations, energy savings, CAP Rate increases, IRR, and payback.
Project Financing
Unique financing solutions are designed to avoid encumbering the building owner’s property and to allow for future sales and refinancing.
Ongoing Service & Support
Bondi’s Equipment Portal allows building owners to track warranties and equipment while staying on top of maintenance.
Incentive Procurement
Secure funding for your project from both local utility companies and the federal government’s Inflation Reduction Act.
Installation &
Project Management
Turnkey project management services, including design, equipment selection, installation, and tenant management.
ESG Performance Boosting
Sophisticated ESG Reporting Software allows you to stay on top of carbon reductions and changing regulations like Local Law 97.
“BONDI sets themselves apart by paying attention to the details. Belinda and her team have worked closely with our building’s management to make sure our tenants experience no disruptions during installation.”
Mr. Kay - Ranee Management
BONDI Energy can secure a minimum of $4000 per apartment for your multifamily heat pump retrofit.
We have experience stacking rebates from ConED, NYSERDA, IRA and more, to maximize on available funding.
Bondi Energy is a registered ConED Clean Heat Contractor as well as a Finance Provider for the Con Edison Clean Heat Financing Program.
Contact us to discuss partnering on your next energy retrofit project.
