Through its Energy Retrofit Loan program, the City offers low-interest loans to help building owners improve the energy efficiency of their buildings. All buildings located in Toronto are eligible.
The City offers financing for up to 100% of project costs, at a rate equal to the City’s cost of borrowing, with repayment terms up to 20 years.
Eligible projects include:
All buildings located in Toronto are eligible, including:
Complete and submit an Expression of Interest Energy Retrofit Loans to the City. Please email your completed form to bbp@toronto.ca.
Eligible applicants will be invited to complete a detailed application, which will include a:
Once your detailed application is approved, the City will create a Funding Agreement that sets out the terms of the agreement between the building owner(s) and the City of Toronto. The Agreement must be signed by both parties.
The interest rate specified in the Agreement will be valid for a period of 60 days, after which it will be updated to reflect the City’s current cost of borrowing.
Funds will be disbursed, as outlined in the Funding Agreement.
To request a rate estimate, please email bbp@toronto.ca.
The City offers fixed-rate financing for up to 100 per cent of project costs for terms up to 20 years. The interest rate in your Funding Agreement will reflect the City’s cost of borrowing. As the City’s cost of borrowing varies daily, the actual interest rate cannot be confirmed until the loan is approved.