Reduce energy use today with tomorrow’s utility cost savings.
The Building Energy Upgrade Program allows Multi-Unit Residential Buildings (MURBs) to receive free efficiency upgrades that are paid off through future utility cost savings. At the end of the contract, you enjoy 100% of the savings!
How Energy Savings Financing Works
Benefits of Upgrading
- No upfront cost; money can be used for other building priorities
- Lower monthly bills and improved resident comfort
- Third party insurance guarantees energy savings
- No performance risk
- Independent project monitoring
- Smaller carbon footprint from reduced greenhouse gas (GHG) emissions
Co-op Energy Savings: A Case Study
A housing co-op with 123 units recently participated in the Building Energy Upgrade program. Their comprehensive $441,000 upgrade included new boilers, lights, appliances, variable frequency drives, low-ﬂow aerators, toilets, shower heads and building envelope improvements. The entire upgrade—including the expensive boiler replacement—was paid for by the program and the co-op is now saving more than $80,000 a year. Read more case studies at efficiencycapitalcorp.com
Five Steps to Your Energy Upgrade
Step 1: Apply for the program using the form below
Step 2: If approved, building receives Carbon 613 membership
Step 3: OREC reviews historical data and performs site assessment
Step 4: OREC delivers:
- Energy Workshop for Residents
- Site Assessment Report
- Building Energy Upgrade Planning Session
Step 5: Comprehensive retrofit begins upon approval of proposal
Why is Energy Conservation Important?
Existing buildings make up over 80% of Canada’s building stock and in cities like Ottawa are responsible for 55% of their greenhouse gas (GHG) emissions.
In research commissioned by the Canada Green Building Council (CaGBC), it was found that buildings over 25,000 ft2 and high-rise residential buildings 5 storeys or greater can reduce GHGs up to 44%, equivalent to a 19.4 million tonne reduction and $6.2 billion in energy savings. Retrofits stimulate local green job creation and keep energy dollars local.
Complete the form below to the best of your knowledge and an OREC representative will contact you within two business days. Only Multi-Unit Residential Buildings (MURBs) are being considered at this time.