Environment and Energy Division Environment and Energy Division - - PowerPoint PPT Presentation

Environment and Energy Division

Environment and Energy Division

Grant Kozlik

Senior Budget & Operations Analyst City of Toronto

Financing Energy Retrofits

Environment and Energy Division

Energy Efficiency Retrofit Programs

Energy Conservation & Demand Management

 City owned buildings

Sustainable Energy Plan Financing Program

 City Agencies  City Corporations  City Divisions  Not-for-profits

Environment and Energy Division

Recoverable Debt

The EED provides flexible financing options at low interest rates to support conservation and demand management projects in the City of Toronto.

Parameters

 EED can Finance up to 100% of the capital cost of an energy retrofit  Retrofits must have a return on investment of 20 years or less  Interest rates are fixed at the City’s cost of borrowing

Loan is repayable regardless of energy savings

Environment and Energy Division

Program Benefits

Align Repayments with Energy Savings

• 1. Loans do not accrue interest during the construction period
• 2. Repayment does not begin until project is completed
• 3. Payments can be made monthly, quarterly or annually

Environment and Energy Division

Challenges & Opportunities

Recoverable Debt Scale Senior Leadership Support & Buy-In

Environment and Energy Division

Grant Kozlik Energy & Environment Division Email: Grant.Kozlik@toronto.ca Phone: 416-397-9217

Thank you