The City of
Toronto and Toronto Hydro pay developers to build green
Mar 6, 2006 - Canada Newswire
TORONTO, March 6 /CNW/ - The City of Toronto and Toronto Hydro are
offering developers up to $13,000 for constructing energy efficient
buildings (large commercial, institutional and multi-unit residential).
Under the Energy Efficiency Office's Better Buildings New
Construction Program, developers are encouraged to make new buildings 25
per cent more energy efficient than the current building code requires.
The 2005 pilot phase of the program involved 17 buildings. Design
changes resulted in 30 to 50 per cent less energy being consumed by each
building.
Early involvement in the design stage is a key to the program's
success. Under the BBNCP, the building project can receive up to $7,000
in grants to investigate the integration of energy efficiency measures.
"Using energy modeling in the design stage for FILMPORT will help us
reduce energy use by more than 30 per cent with minimal additional
capital investment," said Peter LaForme, Director of Operations, Toronto
Film Studios.
Once the building permit application is submitted, there is an added
one-time incentive of $10 per peak kilowatt saved, up to $3,000. A
further incentive of $10 per peak kilowatt saved, up to $3,000, is
offered when the building is occupied. Savings are based on the energy
use of the building compared to what would be used if it was built to
meet the current building code.
"The City needs to reduce energy use in Toronto. By promoting the
development of energy efficient buildings, we are moving in the right
direction," said Deputy Mayor Joe Pantalone, Chair of the Roundtable on
the Environment. "We hope our leadership and incentives encourage all
developers to be part of the solution."
The City also helps owners reduce energy use in existing buildings
through the Better Buildings Partnership. More than 500 buildings have
been retrofitted, reducing CO(2) emissions by more than one million
tonnes.
"The BBNCP complements other City initiatives to make Toronto energy
efficient, and contributes to our City's economic and environmental
vitality," said Jodie Parmar, Director, Business and Strategic
Innovation, Facilities and Real Estate.
Visit our website at www.toronto.ca
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