Retrofit Financing Program

¹ Commercial retrofit loans, lines of credit and mortgages are subject to Vancity’s standard lending criteria, risk requirements and loan agreements. Vancity reserves the right to at any time without prior notice and in its sole discretion, to add, alter or modify all or any of the terms and conditions for the Commercial Retrofit Financing Program or to withdraw/stop the Commercial Retrofit Financing Program altogether.

² Retrofit development support includes access to a third-party consultant who may support the building owner with an initial assessment of the building and capital plan, procuring energy studies in line with project objectives, developing a business case, and supporting with project implementation. Scope of support will be determined by Vancity on a project-by-project basis and is subject to availability of funds. Consultant will be selected by Vancity. Retrofit development support does not include the cost of building energy studies, energy assessment, building condition assessment reports, or other such reports.

³ Preferred pricing will be granted when there is a minimum reduction of 30% in total greenhouse gas (GHG) emissions compared to pre-upgrade levels. The projected building emissions reductions from the retrofit must be verified by documentation acceptable to Vancity prior to funding the loan.

⁴ By participating in Vancity’s ENERGY STAR Portfolio Manager (ESPM) Support Program, you must agree to the terms and conditions of the ESPM Support Program, and you understand that Vancity will require building owners to establish an ESPM account (“Account”) for the building and share the Account information with Vancity through the ESPM system which is hosted by Natural Resources Canada. Vancity will use your Account information for the purpose of measuring and reporting emissions and ESPM Support Program evaluation. No building-level data will be shared

The ENERGY STAR name and symbol are trademarks registered in Canada by the United States Environmental Protection Agency and are administered and promoted by Natural Resources Canada.