Green Financing

Green, high performance buildings add cost to development. But this added investment results directly in operating cost savings that accrue to the homeowner. Rather than raise the price of a home - Tridel is partnering with the Toronto Atmospheric Fund on an innovative financing approach that leverages operating cost savings to pay for incremental capital costs of energy efficient upgrades, like better heating and cooling equipment, ventilation systems, and building envelope (eg windows and walls).

How does a Green Loan Work?

Step 1: The builder specifies and installs energy efficient upgrades on HVAC equipment, windows, appliances, motors and other features in the community.

Step 2: The lender finances the developer's eligible extra capitol costs of acquiring these materials – costs associated with installations which are over and above Building Code requirements.

Step 3: The Condominium Corporation pays the money back to the lender with a portion of the funds that would otherwise be spent on heating, cooling and electricity.

How Green Condos Became the Norm in Toronto
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