Energy efficiency in the building sector is a priority of the EU Commission to achieve carbon neutrality by 2050. Renovation of the existing buildings, which are currently responsible for approximately 40% of EU energy consumption and 36% of the greenhouse gas emissions can lead to significant energy savings. This paper presents the EEnvest calculation method for evaluating the financial impacts of technical risks related to energy-efficient renovation of commercial office buildings. The evaluation method aims to increase investors’ confidence and boost investments in the renovation of the existing building. Through a series of Key Performance Indicators (KPI), the technical and financial risks impact is evaluated. The results are strictly connected to building features, climatic conditions, solution sets and mitigation measures specific to the building energy efficiency project.