The renovation of historic buildings is essential to meet the Swiss objectives for energy consumption in 2050. These buildings offer a great saving potential, however, the heritage preservation has to be considered in the renovation scenarios. While essential for the historic conservation, this consideration restricts the renovation possibilities to achieve the heating demand requirements according to the SIA 380/1 standard. This study introduces a framework for identifying the suitable historic buildings’ renovation schemes considering life cycle costs, energy and life cycle environmental impacts. With a case study, the feasibility of achieving the energy performance SIA 380/1 standard is then discussed.