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We compare simulated energy retrofitting of individual buildings with energy refurbishments optimized at the scale of the neighborhood. For the neighborhood case, buildings can also be connected together through a heat network. We use a detailed three-dimensional model to estimate heating needs (CitySim) and a mixed-integer linear optimizer to analyze different options for energy refurbishment, including various heating technologies. According to our simulations, planning at the neighborhood scale results in slightly lower costs (about -5%) and lower C02 emissions (about -60%) than planning energy refurbishment at the building scale, showing that integrated planning of energy refurbishment is beneficial from both environmental and economical points of view.