About Deep Retrofit Capital
Alberta's ministerially-designated CEIP Program Administrator
Our Mission
Deep Retrofit Capital exists to accelerate building energy upgrades across Alberta by combining private capital with technology-driven program administration. We make it possible for property owners to finance meaningful energy improvements through their property taxes -- with zero upfront cost and zero public funds.
Through rigorous energy auditing, qualified contractor oversight, and transparent reporting, DRC ensures that every CEIP project delivers measurable energy savings, greenhouse gas reductions, and lasting value for property owners, municipalities, and capital investors.
Ministerial Designation
Deep Retrofit Capital Inc. was designated as a Clean Energy Improvement Program Administrator by Ministerial Order 16/2025, signed on October 23, 2025, under the authority of the Emissions Management and Climate Resilience Act (SA 2003, c.E-7.8).
This designation authorizes DRC to administer CEIP for all property types -- residential, commercial, farm, and non-designated industrial -- across all Alberta jurisdictions. DRC operates under a 100% private-capital model with zero public funding.
The designation followed a comprehensive due diligence review by the Government of Alberta, confirming DRC's capacity to deliver program administration that meets or exceeds regulatory requirements under Alberta Regulation 212/2018.
Our Approach
Three pillars differentiate DRC's approach to CEIP program administration.
Audit-Verified Performance
Every CEIP project administered by DRC includes pre-project and post-project energy audits. Pre-project audits (ASHRAE Level 3 for commercial/industrial, simplified assessment for residential) establish baseline performance. Post-project audits (ASHRAE Level 2, one year after completion) verify actual energy savings. This is DRC's policy for private-capital de-risking.
Private Capital Model
DRC operates with 100% private capital and zero public funds. Revenue comes from administration fees (maximum 5% of project capital cost) and application fees. This model eliminates dependence on government funding cycles while ensuring sustainable program delivery through market-based incentives.
Technology-Driven Administration
DRC's purpose-built platform manages the entire CEIP lifecycle -- from application intake and contractor qualification to project monitoring and regulatory reporting. Dedicated portals for each stakeholder (property owners, contractors, suppliers, municipalities, investors) ensure transparency and efficiency at every stage.
Founding Team
Deep Retrofit Capital was founded by a team of professionals with deep expertise in energy efficiency, municipal governance, capital markets, and technology. DRC's leadership is committed to delivering a program administration model that sets the standard for CEIP delivery in Alberta.
Governance
DRC operates under a robust governance framework designed for accountability, transparency, and regulatory compliance.
Advisory Board
Subject-matter experts in energy, finance, municipal governance, and technology advising the Board and executive team.
8 Governance Policies
Comprehensive policy framework covering program administration, monitoring and reporting, data privacy (FOIP compliance), eligible improvements, qualified contractors, financial management, and issue resolution.
4-Tier Issue Resolution
Structured escalation framework: Liaison, Concerns Officer, Resolution Committee, and Minister. Ensures complaints and disputes are resolved fairly and transparently.
Get in Touch
Have questions about Deep Retrofit Capital or the CEIP program? We are here to help.