The Greater Montreal Climate Fund and SOFIAC join forces to accelerate the decarbonization of buildings

SOFIAC and the Greater Montreal Climate Fund announce their collaboration to accentuate the energy transition of commercial, industrial and multi-residential buildings. In a context where building decarbonization standards are set to evolve rapidly, SOFIAC and Fonds Climat are pooling their strengths to simplify the process for companies wishing to begin this process.

The two organizations will pool their offerings and expertise to increase deep retrofits in Greater Montreal. This collaboration will benefit businesses and homeowners seeking to reduce their energy consumption and carbon footprint by offering them turnkey support for their major project, with no capital outlay on their part. The partnership will also facilitate investment in energy-efficient projects with a positive financial and environmental impact.

The complementary decarbonization and energy transition missions of the two organizations make them obvious and effective allies. The Climate Fund’s MultiRés program, co-financed by Efficiency Capital, offers owners of residential buildings in Greater Montreal heated with fossil fuels an effective solution that includes advice and financing for up to 100% of renovation costs. Through personalized support, MultiRés provides access to technical advice and alleviates the financial and administrative efforts that property owners must make in their energy-efficient renovations.

For its part, SOFIAC is an investment solution that commercial, industrial and multi-residential building owners can take advantage of to carry out large-scale energy-efficiency renovations. Owners whose annual energy expenditure totals more than $1 million can begin their renovations while benefiting immediately from reduced energy costs, without straining their working capital.

About the Greater Montreal Climate Fund:

The Greater Montreal Climate Fund is the local hub for the Montreal metropolitan region of the LC3 network, funded by Natural Resources Canada and the Trottier Family Foundation. Its mission is to encourage, catalyze and organize players in the business, community and financial sectors, including private and public capital, to transform markets in favor of decarbonization and for the benefit of communities in the 82 municipalities of Greater Montreal.

About SOFIAC:

Launched in 2021, SOFIAC helps companies in the commercial, industrial and multi-residential sectors increase their profitability and competitiveness by implementing energy-efficient and decarbonization projects, at no cost. SOFIAC’s innovative business model enables its customers to benefit immediately, without initial investment, from savings achieved through reduced energy consumption. For more information, visit sofiac.ca.