Green Loan Financing
A Green Loan is an innovative financing mechanism which allows for the creation of better performing and more comfortable buildings. This mechanism allows for the installation of higher performance heating systems than are typically provided in a building. The loan to fund these enhanced systems is paid back over time by the homeowners. The loan payment is less than the savings generated by the system.

Over the long term energy efficiency measures provided for in the building will help ensure long term affordable energy costs for the homeowners. For this project we have arranged a separate financing package through Vancity Capital Corporation. This loan covers the capital cost of installing the geothermal and radiant heating system and will be paid back over a term of 25 years, a term consistent with a typical mortgage.

The monthly payments of this “Geoexchange Green Loan” are incorporated into the monthly strata budget, and will be paid by each Strata owner as part of their monthly fees. It is called a “Green” loan because the energy cost savings accruing to each strata lot owner will more than cover the monthly loan payments to purchase the energy cost saving technology.