Timely Advice by GREENCROWN Energy Helps Advance Realty Attain Over $112,000 in Electricity Savings Annually

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Advance Realty, a privately owned real estate development, investment and management company credits GREENCROWN Energy’s timely advice for successfully slashing its electricity outlay by over $112,000 annually.

Advance Realty, a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J., credits GREENCROWN Energy’s timely advice for successfully slashing its electricity outlay by over $112,000 annually.

According to Paul Errigo, director of energy projects at GREENCROWN Energy -- a leading full-service energy & water advisory organization specializing in energy supply cost reduction and turnkey water & energy conservation measures – the key to achieving that degree of electricity savings was securing a third-party fixed rate agreement at the ideal time. “Even though their current electricity contract wasn’t set to expire until June, we are constantly monitoring the energy market on behalf of our clients looking for solid cost-saving opportunities,” he said. “In this case, a number of factors came together creating an ideal time to help Advance Realty negotiate a new, extremely attractive electricity contract that is saving them over $112,000 per year.”

While the rate reduction was welcomed, it was not entirely surprising, said Kurt Padavano, Chief Operating Officer for Advance Realty. “GREENCROWN Energy has a long track record for saving its clients money. We’ve always had a great deal of trust in them, because they take the time to truly understand all of the nuances and needs of our organization,” he said. “GREENCROWN Energy puts in the hours to make sure they fully understand how our business works, and what’s important to us long before bringing a new energy agreement to the table.”

For Padavano, two of the most important considerations before agreeing to a new electricity contract are the terms and conditions – not just the rate. “Those items include bandwidth provisions, which are extremely relevant because of the fluctuations of tenant occupancy,” he says. “Other considerations are termination clauses and length of contracts, since the timing of selling a property – or not – can vary widely depending on a number of factors. There are also joint venture relationships to keep in mind and a number of other items – all of which GREENCROWN Energy understands and takes into account.”

Founded in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-used projects along the Northeast Corridor. “We are very proud to be their preferred energy procurement vendor and energy advisor,” said Errigo. “They are an extremely knowledgeable client that understands the amount of effort and expertise that goes into recognizing the right moment and market conditions to strike a new electricity contract.”

Padavano added that, “Green Crown’s expertise has been invaluable, and we highly recommend them to anybody interested in lowering their electricity and gas bills over the long term”.

From real estate properties to hospitals, luxury high-rise apartment complexes, fitness centers, hotels, grocery stores, manufacturing facilities, healthcare and nursing homes throughout the east coast and elsewhere -- Green Crown Energy is helping businesses throughout the country to retain control of rapidly changing energy & water costs. For a free consultation on how to cut your company’s energy & water bills today, including multiple forms of gas and electric procurement programs, contact an energy adviser at http://www.GreenCrownEnergy.com or call 877-308-2727 x 116.


GREENCROWN Energy is a nationally known, industry-diverse leader in turnkey energy conservation projects, advisory services for electric and gas procurement, and water conservation. Serving clients both locally and nationally, GREENCROWN provides concept-to-completion project management — including audit and survey, specification, financial analysis, labor and installation (union/nonunion), and rebate administration. GREENCROWN also provides financing and Power Purchase Agreements. The company is brand-agnostic (meaning it is not affiliated with any specific manufacturers), so it is always in the best position to offer the finest, most cost-effective products for any application. GREENCROWN Energy is also known for its lighting retrofits and replacements, demand response programs, HVAC and refrigeration ECMs, unit replacement, VFDs, motors, emerging technology, BMS/EMS systems, and renewable (solar, thermal and geothermal) services.

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Paul Errigo
Greencrown Energy
+1 (347) 491-4858 Ext: 116
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