INTEREST FREE LOANS

Access to capital is a major barrier to the implementation of energy conservation and green energy projects.

The City of Toronto’s  Better Buildings Partnership offers  interest free repayable loans to help overcome that barrier. These interest free loans are available to building owners in the  (Municipal/Academic/Social Services/Healthcare) MASH sector,  and not-for-profit organizations, as well as private multifamily buildings.

Projects receiving interest free loans may also be considered separately for  Energy Savings incentives that BBP offers in partnership with Toronto Hydro Electric System Limited  funded by the Ontario Power Authority.

Application for an interest free loan is a two-stage process. Starting with a short ‘Intent to Apply’ form to be submitted to the Energy Efficiency Office. If your project is deemed eligible you will then be asked to submit a detailed application including a comprehensive feasibility study and other documentation.

Please note that the City Manager and Deputy City Manager and Chief Financial Officer have been requested to report back to Council through the appropriate Standing Committee in the first quarter of 2012 on the merits of Sustainable Energy loans to non-City agencies and the private sector, given the City’s financial pressures.

For more information contact:
bbp@toronto.ca
(416) 392-1500

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MULTI-FAMILY
 

A multi-unit residential building with over 6 units and over 25,000 square feet - All condominiums, co-operatives, rental units and social housing are eligible
MASH
 

An institutional building of any size - All existing MASH (Municipal, Academic, Social Services and Healthcare) facilities are eligible
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  A new building to be constructed. All institutional, commercial, multi-residential and industrial buildings are eligible.
 
 
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