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4. Building an energy-efficient high-rise
A number of major condominium developers in Toronto are going green. These companies understand that buyers increasingly want buildings that maximize efficiency and reduce waste. Buyers prefer buildings that help them meet their personal environmental objectives and that will save them money compared to a conventional building in the long term. And committing to green also tells buyers that the builder is committed to going the extra mile, which also speaks well for the quality and long-term value of the building.
Make green energy part of the package
There are an increasing number of financially attractive green energy options available for high rises, including geothermal and solar hot water. Or you might want to consider making your gas usage much more efficient with a combined heat and power (CHP) system. Click here for more details on these options
Taking Advantage of Incentives
Better Buildings Partnership New Construction Program
The goal of the Better Buildings Partnership New Construction Program (BBP-NC) is to have new buildings designed and built to be more energy efficient than those designed to only meet the minimum requirements of the Ontario Building Code. Eligible buildings are commercial, industrial and multi-unit residential buildings being constructed under Part 3 of the Ontario Building Code.
The BBP-NC has two parts options:
1. Modeled Savings Projects
2. Prescriptive Projects
Modeled Projects have two components: design assistance and constructed savings.
For design assistance, BBP-NC pays your engineering firm $2,000 + $0.20m2 gross floor area up to $7,000 for developing an energy assessment.
For constructed savings, BBP-NC currently pays a peak kW incentive of $350 for each peak kW or $0.04 per annual kWh reduction that the new building saves compared to what amount of electricity the building would have used if it had been built to meet the basic requirements of the Ontario Building Code.
» Next step: Protecting your savings