Municipal program
Energy Retrofit Loans (ERL)
City of Toronto
What it pays
Financing for up to 100 per cent of project costs at a rate equal to the City's cost of borrowing, with repayment terms up to 30 years and up to one year interest free and payment free
Deadline: none stated on the source page
Not a grant. Long-term, low-interest City financing covering up to the full cost of low-carbon retrofits in Toronto buildings, including lighting, high-efficiency boilers, chillers and HVAC, heat pumps, building automation and controls, envelope work and renewables.
Who qualifies
Owners of commercial, retail and industrial buildings (and institutional, multi-family and not-for-profit buildings) in Toronto, who submit a feasibility study by a qualified professional and a building decarbonization plan demonstrating a minimum 60 per cent GHG emissions reduction by 2040, plus two years of audited financial statements.
The provider confirms eligibility.
Program status
No intake window or closure stated at retrieval; applications start through the City's Better Buildings Navigation Resource Hub. Industrial facilities and lighting upgrades are eligible. Loan conditions: it is DEBT, not a grant; the interest rate tracks the City's cost of borrowing and varies daily, and is confirmed only on approval; and the 60-per-cent-by-2040 decarbonization plan is a substantial piece of engineering work, so this is a fit for an owner already committed to a decarbonization pathway, not for a one-off lighting swap. Authorized third parties may apply on the owner's behalf.
Confirm current terms with the provider before budgeting. Report a correction to info@quantifyenv.com.
Get the measurements your application needs
We help your team measure utility use and prepare the information your funding application needs.
Book a site visitAll funding programs
or call 1-833-QUANTFY (1-833-782-6839)