Invested to date
Term of loan
GREENHOUSE GASES AVOIDED EQUIVALENT TO 266 TONNES OF CO2 PER YEAR
3,244 MWH OF ENERGY SAVED PER YEAR
This is CoPower’s fifth portfolio of LED retrofits in condos across BC, Ontario and Alberta.
A loan of $766,608.44 was provided to finance the installation of more efficient lighting in a diversified portfolio of 22 buildings, 18 of which are condo buildings that collectively house over 5,600 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.