Scalar US Decarb Fund I (DecarbNY)
The efficiency-first model applied to U.S. commercial real estate: upfront capital for deep retrofits, repaid from the energy savings generated. Anchored in New York and the Northeast.
Strategy & Structure
DecarbNY funds deep energy retrofits of existing commercial buildings — upgrading building envelopes, HVAC and electrical systems — with the upfront capital repaid directly from the energy savings the retrofit generates. The model removes the capital barrier that keeps most commercial landlords from decarbonizing, anchored in the New York and Northeast markets where retrofit mandates are tightening fastest.
Download BrochureWhy DecarbNY
Commercial buildings are the largest source of emissions in New York City — and among the hardest to finance for retrofit.
Retrofit capital is repaid from realized energy savings, removing the upfront cost barrier for building owners.
New York's Local Law 97 and similar Northeast mandates are accelerating demand for compliant, financeable retrofits.
Deep, on-the-ground relationships across New York and the wider Northeast commercial real estate market.
Every retrofit dollar should pay for itself in energy saved
DecarbNY underwrites each investment against measured, verifiable energy savings — not projected value uplift — keeping the fund anchored to performance.
The result is a portfolio of buildings that are cheaper to run, lower-emission, and more valuable to own.