Commercial Energy Loan Program
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The Commercial Energy Loan Program is currently under development and is planned to launch in Fall 2026. Once available, the Program will provide low-interest, fixed long-term financing to eligible commercial, institutional, non-profit, multi-unit residential, and affordable housing building owners to finance energy efficiency, water efficiency, renewable energy, and climate resilience upgrades. Repayments can be made at any time, without penalties through municipal property taxes.
Participation in Commercial Energy Benchmarking and Virtual Decarbonization Plan (VDP) are the prerequired steps to accessing financing. Eligible retrofit measures include:
- Energy efficiency upgrades
- Lighting improvements
- Building envelope upgrades
- Water conservation improvements
- Renewable energy systems
- Other resiliency, safety, and efficiency improvements