Timeline: 2022 onwards
Through the Deep Retrofit Challenge, the City aims to provide funding to support deep energy retrofits in 10 to 16 buildings in Toronto. Retrofits must reduce total energy use intensity and greenhouse gas emissions by at least 50 per cent. Participants will receive a grant equal to 25 per cent of their total project costs up to a maximum of up to $500,000 (depending on gross floor area and performance) to offset the incremental design and construction costs required to achieve maximum emissions reduction.
Buildings must be located within Toronto and be an Ontario Building Code Part 3 building (i.e. greater than 600m2 or greater than three storeys). Participating buildings will serve to demonstrate the deep energy retrofits needed to move buildings towards net zero emissions, with the goal of accelerating market adoption. Retrofits must be completed by January 31, 2025.