With the rising cost of energy, making your building more energy efficient just makes sense. Energy efficiency can cut your utility bills by 15-30% (sometimes more), pay for itself, reduce greenhouse gas emissions, and add value to your building. But energy efficiency projects can have large up-front costs. That’s why we offer a variety of innovative financial solutions to select clients in the Toronto region. We remove the financial barriers to your energy efficiency projects so you can get to “yes” more easily and quickly.
Energy Savings Performance Agreements
The TAF Energy Savings Performance Agreement (ESPA) is a unique way to fund your retrofit. Not only can it cover up to 100% of your costs, we also guarantee that your payments will not exceed your verified energy savings. Under a TAF ESPA, we invest directly in your energy efficiency measures. You pay us back with a percentage of your savings. Once our investment is recovered, the savings are all yours to enjoy.
Green Condo Loan
If you’re building from the ground up, TAF’s Green Condo Loan is a fantastic financing solution for new construction. The Green Condo Loan lets you bridge the gap between having competitive unit prices and keeping utility costs low for tenants and buyers. Through this loan, TAF will finance the incremental costs of energy efficient solutions you implement, so that the building can exceed the energy performance level required by the Ontario Building Code. The loan is then inherited by the condo corporation, which will enjoy the benefit of energy cost savings that outweigh the loan repayments.