The Canada Infrastructure Bank (CIB) is making $2-billion available for retrofits in commercial buildings to reduce greenhouse gas (GHG) emissions and stimulate the green-tech economy.
Condominiums are eligible for this federal funding, but they must overcome a few hurdles to gain access to the loans:
The specific details on how all of this will work for individual condominium corporations is not yet clear. It is clear that prudent condominium boards can take steps today to prepare for higher prices on Carbon use. Crossbridge’s in-house energy manager has generated an average of $1.3-million per year in energy reductions for Crossbridge clients since 2012, and he is well positioned to outline those steps.
Crossbridge’s energy manager contributed to an excellent article that provides additional detail on the CIB program.