•A dynamic model to estimate the energy performance of buildings is presented.•The model is validated against leading software packages, TRNSYS and Energy Plus.•Modified degree days are introduced to account for solar irradiation effects. Degree days represent a versatile climatic indicator which is commonly used in building energy performance analysis. In this context, the present paper proposes a simple dynamic model to simulate heating/cooling energy consumption in buildings. The model consists of several transient energy balance equations for external walls and internal air according to a lumped-capacitance approach and it has been implemented utilizing the Matlab/Simulink® platform. Results are validated by comparison to the outcomes of leading software packages, TRNSYS and Energy Plus. By using the above mentioned model, energy consumption for heating/cooling is analyzed in different locations, showing that for low degree days the inertia effect assumes a paramount importance, affecting the common linear behavior of the building consumption against the standard degree days, especially for cooling energy demand. Cooling energy demand at low cooling degree days (CDDs) is deeply analyzed, highlighting that in this situation other factors, such as solar irradiation, have an important role. To take into account these effects, a correction to CDD is proposed, demonstrating that by considering all the contributions the linear relationship between energy consumption and degree days is maintained.