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Retrofit Financing in the Commercial Building Sector
Helping provide commercial building owners with access to capital to reduce emissions, lower costs and improve building performance.
About the Project
In Edmonton and Calgary, commercial, industrial and institutional buildings account for 20 to 30 percent of greenhouse gas emissions. To achieve meaningful emissions reductions, we need to reduce energy use in the building sector.
Deep energy retrofits of our current building stock need to be done quickly and at scale. Retrofits can be costly and complex, making it difficult for building owners to achieve deep emissions reductions.
To advance retrofits in the commercial sector faster, a ‘one-stop solution’ financing approach can be used to design, invest, install and monitor energy upgrade projects.
This is why Alberta Ecotrust Foundation partnered with SOFIAC to launch retrofit support in the commercial sector in 2022.
The program helps bring together financing organizations and building owners to provide access to capital for energy upgrades.
Why Participate?
Deep retrofits can help building owners save energy, lower operating costs, and improve energy affordability for tenants.
By participating in this program, commercial building owners can access capital to undertake a deep energy upgrade in their building.
This program works with SOFIAC to manage the retrofit process, provide access to capital, and assure that cost savings and emissions reductions are achieved.
Get Involved
Are you an owner of a commercial building in Alberta? Please review the Frequently Asked Questions below before inquiring. If this sounds like you, we’d love to hear from you. To express interest, reach out to buildings@albertaecotrust.com.