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Ontario firm offers new product to fund sustainable building upgrades

The program unlocks funding from previous efficiency upgrades, allowing owners and managers to reinvest in their buildings and further improve performance.


October 1, 2020
By Energy Manager Canada

Leveraging the financial and environmental rewards of recent building upgrades, Energy developer and investment solutions provider Efficiency Capital based in Toronto has introduced its eFunder product, a new option for building owners to fund energy-efficient improvements and ongoing maintenance of their assets provided they have undergone improvements already within the last two years.

The program unlocks funding from previous efficiency upgrades, allowing owners and managers to reinvest in their buildings and further improve performance.

Eligible building owners must be seeking more than $50,000 in funding and have upgraded LED lights, boilers, heat pumps, motors, make-up air units or chillers in the past two years.

“Our goal is to help accelerate the use of energy-efficient equipment in buildings across Canada, with eFunder offering a new way to reinvest with existing assets,” says Chandra Ramadurai, CEO of Efficiency Capital.

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Efficiency Capital provides performance-based investment solutions focused on upgrading the energy and environmental performance of buildings with no upfront cost to the owner. Efficiency Capital partners with multi-residential, social housing, commercial, industrial and institutional building owners to fund, develop and manage sustainable upgrades. Traditionally the company audits a building then develops and implements the energy-saving solutions. Repayment is equal to, or less than, the energy savings achieved by the building. The project must be repaid in full within 10 years based on the energy savings. Once the terms and conditions of the agreement are completed – over a period of seven to 10 years on average – the building owner retains 100% of the energy savings.

efficiencycap.com