Municipal program
Energy Retrofit Loans (ERL)
City of Toronto
What it pays
Financing for up to 100 per cent of project costs at a rate equal to the City's cost of borrowing, with repayment terms up to 30 years and up to one year interest free and payment free
Deadline: none stated on the source page
Not a grant. Long-term, low-interest City financing covering up to the full cost of low-carbon retrofits in Toronto buildings, including lighting, high-efficiency boilers, chillers and HVAC, heat pumps, building automation and controls, envelope work and renewables.
Who qualifies
Owners of commercial, retail and industrial buildings (and institutional, multi-family and not-for-profit buildings) in Toronto, who submit a feasibility study by a qualified professional and a building decarbonization plan demonstrating a minimum 60 per cent GHG emissions reduction by 2040, plus two years of audited financial statements.
Summarized from the official page. This is not advice; the provider decides.
Status note, as recorded
No intake window or closure stated at retrieval; applications start through the City's Better Buildings Navigation Resource Hub. Industrial buildings are explicitly eligible and lighting is an eligible measure, which makes this the natural stack-mate for BizEnergySaver on a Toronto plant. TWO HONEST CAVEATS: it is DEBT, not a grant; the interest rate tracks the City's cost of borrowing and varies daily, and is confirmed only on approval; and the 60-per-cent-by-2040 decarbonization plan is a substantial piece of engineering work, so this is a fit for an owner already committed to a decarbonization pathway, not for a one-off lighting swap. Authorized third parties may apply on the owner's behalf.
Program details change. Always confirm with the provider before budgeting. If this page and the official page disagree, the official page is right, and we would like to know, at info@quantifyenv.com.
Print this, then let us go and find the number it asks for.
Nearly every application on this list wants a measured figure that most plants do not have yet. Metering produces it, and we can help your team put the paperwork together around it.
Book a site visitThe whole library
or call 1-833-QUANTFY (1-833-782-6839)