Invested to date
Term of loan
GREENHOUSE GASES AVOIDED EQUIVALENT TO 869 TONNES OF CO2 PER YEAR
5,109 MWH OF ENERGY SAVED
This is CoPower’s third portfolio of LED retrofits in condos across BC, Ontario and Alberta.
A loan of $1,461,974 was provided to finance the installation of more efficient lighting in a diversified portfolio of 38 condo buildings that collectively house over 6,900 units. The new lighting was installed in common areas including parking garages, halls and atriums.
The installations are now complete and operational and the condo corporations are repaying the loan by making fixed monthly payments. In most cases these payments will be less than the monthly energy savings, allowing the condos to be cash-flow and impact positive from day one.
The retrofits were installed by a full service lighting solutions company that has provided turnkey LED retrofit solutions for buildings across Canada.
We’ve identified LED retrofits as a key area of focus for our project lending. Energy efficiency is low-hanging fruit when it comes to reducing carbon pollution, providing the greatest impact per dollar invested. Saving the planet one light bulb at a time may be a green cliche, but changing tens of thousands of them can make a huge difference.