TD “open for business” to help get renewable energy projects off the ground – and onto rooftops
TORONTO — TD announced earlier this week that its lending businesses are financing renewable energy projects approved by the Ontario Power Authority's (OPA) microFIT program, which encourages the development of small-scale renewable energy (10 kilowatts or less), primarily through roof-top solar power systems.
Small business owners, schools, retailers, agricultural businesses, solar panel manufacturers and installers, utilities, and others are the target of TD's promotions for their lending business.
"We're firm believers that in 10 years, roof-top solar panels will be standard on homes and businesses of all sizes," says Karen Clarke-Whistler, TD's Chief Environment Officer. "Whether you visit a TD Canada Trust branch or talk to a dedicated small business advisor, agriculture specialist, or a TD Financing Services authorized dealer, we want to work with you to help get your renewable energy project off the ground — and on your roof."
To date the OPA has received more than 8,000 applications to the microFIT program.
"We've been building our expertise in this area as we see tremendous potential for our small business and agriculture customers to take advantage of this revenue-generating opportunity. It's good for the environment, Ontario's long-term energy needs, and our customers' bottom line," adds Alec Morley, Senior Vice President, Small Business Banking, TD Canada Trust.
To find out more about TD's environment commitment, read the 2009 Corporate Responsibility Report at www.td.com/corporateresponsibility/crr2009/environment/index.jsp.