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Sustainable Energy Funds |
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Financing Available
Other Incentive Programs
Detailed Requirements
Intent to Apply
Financing Available:
- Loans at 0% interest
- Maximum 49% of project costs
- Amount available - $50,000 to $1,000,000
- Maximum repayment term:
- Toronto Energy Conservation Fund (TECF) - negotiable; based in part on expected energy cost savings resulting from the project
- Toronto Green Energy Fund (TGEF) - negotiable; maximum 20 years
There is no deadline for applications; however, the total amount of financing available each year is limited. In 2008, $6 million is available through the TECF and $3 million is available through the TGEF.
Other Incentive Programs:
These Funds are offered in conjunction with the Electricity Conservation Incentives of the BBP. For more information, click here or contact EEO staff at bbp@toronto.ca.
Projects may also be eligible for funding from other City programs, the federal and provincial governments, utility companies and other sources. More information.
Detailed Requirements
| Sector |
- For 2008, projects must be owned by a Municipal, Academic, Social Service or Healthcare (MASH) sector, or other not-for-profit entity
- Applicant must be able to enter into, and provide security for, a loan agreement with the City of Toronto
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| Location |
- Projects must be located within the City of Toronto
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| Technical Criteria |
- Applicant must submit a detailed Feasibility Study for the project
- Projects must maximize energy savings by using shorter-payback measures to subsidize longer-payback measures
- Applicants to the Toronto Green Energy Fund must demonstrate the steps taken to maximize the energy efficiency of any buildings related to the project
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| Financial Criteria |
- Applicants must demonstrate a need for City financing
- The Funds cannot be the majority project financier
- Applications must submit complete financial details for the projects and show they have sought funding/financing from other sources
- Applicants must demonstrate a good credit history and ability to repay the loan
- Project invoices must be submitted
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| Eligible Expenses |
- Capital items such as engineering studies, equipment, installation labour, commissioning, meter rental or purchase and metering services
- A competitive tendering process is required for the project
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| Project Team |
- Project teams (management, design, construction, implementation, operation, maintenance) must have a successful record of working on similar projects
- Applications must outline the qualifications of team members
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| Timing |
- Applicants must submit estimated project timelines
- Projects must commence within one year of loan approval
- There is no deadline for applications however, the amount of financing available each year is limited
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| Quantification of Results |
- Estimates of energy savings or generation resulting from the project must be provided as part of the application
- Project-related energy data must be provided to the Energy Efficiency Office throughout the term of the loan
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| Other Criteria |
- Projects must be consistent with City policies; all City permits and approvals must be obtained
- Relevant federal and provincial legislation/regulations must be adhered to
- The project's potential to demonstrate its environmental, social and economic benefits will be considered
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Intent to Apply
Do you have a project that might be eligible for financing from the Sustainable Energy Funds? If so, please fill out this
form and send it, along with any attachments, to bbp@toronto.ca.
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