A dedicated financing vehicle for contracted distributed energy infrastructure

Canada's Clean Technology Investment Tax Credit provides a 30% refundable credit on qualifying solar and battery storage equipment. Unlike the US ITC, which requires partnership-flip structures with a small number of tax equity banks, Canada's credit is a direct cash refund from the government — no tax appetite required, no flip structures, no complex structuring fees. Combined with accelerated capital cost allowance on the remaining equipment value, the 30% refundable ITC materially reduces project-level capital requirements and accelerates investor returns.

Alberta is the only deregulated electricity market in Canada — with the highest grid carbon intensity in the country and no institutional financing infrastructure for residential solar. Existing programs are limited to municipal property tax-based mechanisms that face significant scalability constraints. The federal Greener Homes Grant and Loan programs have terminated with no replacement. EnerFi is building the private capital layer that fills this gap, enabling established Alberta solar installers to offer long-term PPAs that remove the upfront cost barrier for homeowners.

The fund structure is designed to acquire operational assets at first close, providing day-one cash-flowing portfolio exposure and eliminating the J-curve that typically characterizes infrastructure fund commitments. A continuous deployment pipeline scales the portfolio without requiring additional capital calls.

EnerFi's operating partner is an established Alberta-based energy services company with an active electricity retailer license, AESO market access, a proprietary distributed energy resource management platform, and Canada's first residential storage-based Virtual Power Plant. The operator has submitted a formal DER aggregation pilot proposal to the Alberta Electric System Operator. Detailed operating partner information is available under NDA.