In the United States, forty-eight (48) percent of the residential end-use energy consumption is spent on space heating and air conditioning. Reducing envelope-generated heating and cooling loads through application of phase change materials (PCMs) in building envelopes can enhance the energy efficiency of buildings and reduce energy consumption. Experimental testing and numerical modeling of PCM-enhanced envelope components are two important aspects of the evaluation of their energy benefits. An innovative phase change material (nano-PCM) was developed with PCM supported by expanded graphite (interconnected) nanosheets, which are highly conductive and allow enhanced thermal storage and energy distribution. The nano-PCM is shape-stable for convenient incorporation into lightweight building components. A wall with cellulose cavity insulation and a prototype PCM-enhanced interior wallboard was built and tested in a natural exposure test (NET) facility in a hot-humid climate location. The test wall contained the PCM wallboard and a regular gypsum wallboard, for a side-by-side annual comparison study. Further, numerical modeling of the wall containing the nano-PCM wallboard was performed to determine its actual impact on wall-generated heating and cooling loads. The model was first validated using experimental data, and then used for annual simulations using typical meteorological year (TMY3) weather data. This article presents the measured performance and numerical analysis evaluating the energy-saving potential of the nano-PCM-enhanced wallboard.