Financing types
Term loans, lines of credit, mortgages¹
Energy retrofits are upgrades to your building that may help save energy costs, add value to your investment, and lower carbon emissions. Whether you're improving the building envelope or going all-electric, we’ll find solutions to help you see it through. Buildings and upgrades eligible for retrofit financing include:
All types of commercial or rental buildings — for example, apartment buildings, commercial buildings, single family detached homes, or single family attached homes
All types of upgrades that help reduce greenhouse gas emissions and are on a pathway to net-zero buildings— for example, switching to electric heating or cooling, improving insulation, ventilation, windows, doors, installing renewable energy systems like solar photovoltaic system
If you’re a non-profit housing society or housing co-op, check out our non-profit housing retrofit grants
We can connect you to qualified professionals and provide resources² to assist you in developing a strong business case and plan for your building upgrades.
We’ll tailor the lending³ to support your project needs with preferred pricing. Whether it be a loan, line of credit or even a mortgage with amortization up to 35-years.
As part of this program, you'll receive personalized support to create an ENERGY STAR® Portfolio Manager® account that tracks your building’s energy use and emissions.⁴
View legal details
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.