Partnership between EfficiencyOne and SOFIAC to accelerate decarbonization in Nova Scotia

Partnership between EfficiencyOne and SOFIAC to accelerate decarbonization in Nova Scotia

Dartmouth ,NS – November 1, 2023 – EfficiencyOne and SOFIAC are pleased to announce a new partnership to provide an innovative financing option to commercial, industrial and multi residential building owners for decarbonization and deep energy retrofit projects in Nova Scotia.

Deep energy retrofits can significantly reduce energy consumption and costs for facility owners and tenants while also reducing GHG emissions. However, the upfront costs and complexity of such retrofits can be a barrier for many building owners.

The new initiative will allow building energy consumers to benefit from a turnkey investment solution that removes the financial, technical, and operational barriers and that can significantly reduce energy costs while also reducing GHG emissions. Actually, SOFIAC does not require clients to make any down payment as project costs are reimbursed solely through a portion of the savings generated in addition to offering substantial financial benefits. Facility owners can work with their well recognised contractors to undertake projects or choose from SOFIAC’s experienced partners.

EfficiencyOne, is Canada’s first energy efficiency utility and delivers energy efficiency programs and services to Nova Scotians under the Efficiency Nova Scotia brand.

This partnership reflects the commitment of EfficiencyOne and SOFIAC to having real impact on deep energy retrofits and helping Nova Scotia accelerate the uptake of energy efficiency.

About EfficiencyOne

EfficiencyOne, operating in Nova Scotia as Efficiency Nova Scotia, transforms the way people use energy. Together, we help people achieve their energy goals, save money, conserve resources, improve wellbeing, and combat climate change. Our role is to inform and motivate Nova Scotians to use less energy, use it smarter, and enjoy the good things efficiency brings. Investing in energy efficiency comes with many benefits—lower heating bills, more comfortable spaces, new jobs in your community, and a smaller overall carbon footprint. To date, EfficiencyOne has achieved more than $4 billion in energy savings, including over 400 million for low-income homeowners and renters, and contributed 22% of Nova Scotia’s GHG emission reductions.

About SOFIAC

Launched in 2021, SOFIAC assists businesses in the commercial, industrial, and multi-residential sectors in increasing their profitability and competitiveness through the implementation of eco-energy and decarbonization projects, all without any cost. SOFIAC’s innovative business model enables its clients to immediately benefit from energy consumption reduction savings without any initial investment. For more information, please visit sofiac.ca.

Media Contact:

Janet Tobin
Communication Lead
jtobin@efficiencyns.ca
902-499-6494