Residential Real Estate
Attract and retain residents, maximize rentable space, decrease energy expenses and achieve 99.99% energy reliability.
Whether you own apartment buildings or condominiums, the energy solution you choose for your residential buildings directly impacts your bottom line and the tenants you attract and retain. With district energy, you save both building and occupant space, renovation and upgrade cost and on going expenses, simplify your HVAC design and installation, and reduce your carbon footprint with Vicinity’s commitment to be net zero carbon by 2050—a plan both you and your residents can get behind.
How Vicinity Can Help
District energy means maximized real estate value and increased safety for your residents with no onsite combustion; there’s no need for onsite boilers, cooling towers, in-unit heat pumps or water heaters. In addition to avoiding this significant upfront capital expense, owners and tenants experience reliable heating and cooling, more in-apartment space and less noise, while you avoid the typical lifecycle expenses associated with boilers, heat pumps and condensers. Your residents also enjoy total control over their heating and cooling, with individual controls and on-demand hot water. Meter data is collected in an integrated dashboard for advanced monitoring and easy billing, allowing every resident to view, measure and understand their consumption and carbon footprint.
Trusted by owners and residential customers across the country, Vicinity delivers sustainable energy solutions to over 16 million square feet of residential building space across the U.S. By connecting to Vicinity’s district energy networks, you receive reliable, low-carbon energy and support from our team of over 450 experts, ensuring your property is always running smoothly and efficiently. With Vicinity, you get:
- 99.99% reliable energy with redundant power, back-up generation and multiple water and fuel sources to minimize disruptions
- Competitive, stable energy pricing without installation or ongoing equipment maintenance costs
- Valuable in-unit and amenity space through the elimination of onsite heating and cooling equipment
- A decreased carbon footprint, with the goal of zero emissions by 2050, that will attract environmentally conscious residents
- Reduced water usage and maintenance at building access points by reusing condensed steam for flushing water and ice melt
Energy Solutions for Residential Real Estate
District Heating and Cooling
Our clean, sustainable district energy solutions are tailored to meet your needs. Vicinity saves valuable amenity and in-unit space by eliminating the need for onsite boiler and chiller plants.
Energy Infrastructure Operations & Maintenance
As owner and operator of district systems across the United States, we understand complicated energy systems and infrastructure. Our team of over 450 experts can operate and manage your onsite energy infrastructure so you can focus on your core business.
Resiliency and Remote Monitoring
If you’re in need of energy O&M support by a qualified licensed engineer but don’t require someone to be on site full-time, Vicinity can remotely monitor your energy infrastructure at our control centers. We will customize a solution that meets your specific needs.
Energy Efficiency & Optimization
From efficiency assessments and investment to project implementation, our experts will provide a custom energy solution to optimize your energy assets and provide solutions that drive efficiencies.
Articles, case studies, brochures and more.
An iconic skyscraper constructed of steel and blue glass, Two Liberty Place has been a mainstay of Philadelphia’s city skyline for over three decades. When it came under new management in 2016, it traded its electric boilers,...
When COVID-19 lockdowns in 2020 caused a decrease in revenue, combined with the failure of the facility's two legacy boiler systems, the hotel elected to transition to 100% district energy. This decision has yielded increased...
Philadelphia hospital benefits from reliable cooling via a chilled water plant owned and operated by Vicinity
Vicinity Energy’s development and ongoing operation of a 7,000-ton central chilled water plant helps Thomas Jefferson University Hospitals and Thomas Jefferson University, a 925-bed hospital and teaching university, meet its...