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Cost-optimal and nearly-zero energy building (NZEB) levels are two interrelated concepts identified for upgrading energy performance of buildings in Europe. In parallel, many research activities on retrofitting existing buildings in Turkey follow the methodology framework introduced by the European Commission. However, in Turkey, there is a process called “urban transformation” due to the earthquake risk, but the practice is based on new construction after demolishment of existing buildings. Especially in Istanbul, this process has been conducted rapidly. This specific aspect requires assessment of cost-optimal retrofit analyses considering the remaining lifespan of analysed buildings.  This study presents a cost-optimality assessment method for retrofitting towards NZEB in Turkey. The method integrates payback period and investment cost assessment to the methodology in order to obtain whole picture for retrofit alternatives. In the paper, suggested method is applied to a reference residential building in Istanbul. After the initial cost-optimal analyses, payback periods and initial investment costs for selected retrofit packages are assessed considering the future lifespan of the building. Together with these, possible subsidy opportunities are also investigated. Results show that, if the expected future lifespan is higher than 10 years, retrofit actions achieving 56.2kWh/m 2 y primary energy consumption level are considerable. Subsidies are beneficial to obtain reasonable initial investment costs.

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Identification of the Retrofit Actions to Achieve Cost-Optimal and NZEB Levels for Residential Buildings in Istanbul Considering the Remaining Building Lifetime