Building Transformation Program

Atlantic Canada’s building stock is aging. This means high maintenance costs combined with rising fuel costs that leave many building owners stuck between urgent needs and uncertain options. Deep retrofits offer a way forward but often result in feasibility studies that never progress.

Our flagship Building Transformation Program (BTP) exists to change that. We provide building owners of commercial, institutional, and multi-residential buildings with funding toward feasibility studies and dedicated technical guidance at every step of their deep retrofit journey.

ReCover simplifies the process and makes it more accessible. We help bridge the gap between technical ambition and financial return, turning technical studies into an investment‑ready business case report that decision-makers can act on.

Clarity for High-Stakes Building Decisions

The Building Transformation Program gives building owners the evidence and support needed to move major upgrades forward with confidence.

Through BTP, you receive:

  • funding towards feasibility studies (for eligible buildings), lowering upfront cost and removing a major barrier to getting started
  • a customized implementation roadmap that shows what to do first, what can wait, and what delivers the strongest return
  • an investment ready business case that synthesizes technical with financial modelling and supports confident decision-making
  • support navigating funding and financing so you’re not left guessing which programs you qualify for or how to stack incentives

BTP is built for owners who need a credible, actionable plan — not another study that sits on a shelf. It turns building complexity into a clear, strategic path forward.

Eligible building types

4+ story apartments, condominiums, and affordable housing

Offices, community centres, schools, and long-term care facilities.

Large public buildings such as universities, museums, and government facilities

What to expect

1. ASSESSMENT

Building Review

We meet with you to understand your goals and building data, identifying the retrofit opportunities that deliver the strongest operational and financial impact. You’ll receive a customized action plan outlining what’s possible and where to start.

2. FEASIBILITY

RFP Process

ReCover manages the RFP for a qualified consultant to complete a feasibility study and business-case model. We ensure alignment with your goals, verify ROI, and identify funding pathways to de-risk investment.

3. CONSTRUCTION

Implementation Support

We stay with you through execution. We help secure financing and managing partners, ensuring your project is delivered on time, on budget, and with measurable performance results.

Eligibility questions

1.

Are you managing a pre-2000 building with rising energy costs or deferred maintenance?

2.

Are you interested in available funding for Front-End Engineering Design (FEED) studies to assist your deep retrofit journey?

3.

Are you ready to transform your building into a higher-performing, higher-value asset?

Going deeper with deep retrofits

Deep retrofits go beyond single-system upgrades by addressing the building envelope, systems, and operations together to deliver lasting performance, comfort, and resilience.

Through this holistic approach, ReCover helps you achieve both carbon reductions and capital appreciation, ensuring your investment pays back in value as well as efficiency.

Get in touch with our business development team

Have a project ready—or a feasibility study waiting for its next step?

Our team helps you unlock funding, validate ROI, and move from study to construction.

FAQs

Most studies take 3–6 months, depending on building complexity. ReCover coordinates the process and manages updates so you can focus on operations.

For a modest program fee, a BTP client receives technical deep retrofit guidance, administrative support, and an investment-ready business case report that synthesizes technical feasibility studies, financial modelling, and tailored financing options to support decision makers in moving forward with deep retrofit projects.

As a BTP client, partial funding is available toward pre‑implementation feasibility studies, including but not limited to ASHRAE II energy audits, building condition assessments, thermal imaging, and life cycle cost analysis. The Program does not offer financing, grants, or rebates for capital costs associated with deep retrofits, but we support clients in identifying and applying for funding opportunities to advance projects.

For a fee less than half the cost of a traditional ASHRAE II feasibility study, a BTP client receives technical deep retrofit guidance, administrative support, and an investment-ready business case report that synthesizes technical feasibility studies, financial modelling, and tailored financing options to support decision makers in moving forward with deep retrofit projects. 

It’s an energy assessment that identifies efficiency measures. ReCover builds on this audit to quantify ROI and valuation impact.

If your feasibility study included an ASHRAE Level 2 Audit, yes. We review your existing study, align it with funding criteria, and help you advance to implementation.

Feature Renovation Retrofit Deep Retrofit
Goal Aesthetic/function Energy performance Max energy savings
Scope Limited Targeted systems Whole-building
Energy Savings Low Moderate (10–30%) High (50–70%+)
Climate Impact Minimal Some Significant
GHG Emissions Impact Minimal Moderate Significant (50%+ reduction)
Example Kitchen remodel, new flooring Replace boiler, add insulation Envelope insulation, heat pumps, solar PV

Case Studies

Listening to the industry

ReCover collaborates with Building to Zero Exchange (BTZx) to accelerate the region’s transition to net-zero buildings. Through roundtables and research, we identify and address the barriers slowing retrofit execution.

Service Spotlight

Capacity Building

We’re investing in the ecosystem behind every retrofit—training, partnerships, and community capacity—to ensure the skilled workforce and systems exist to deliver results at scale.