Timing of Certification Requirement The ICP-IREE certification can be completed at any point before final underwriting and signing a binding contract for the project’s execution. The specific timing for certification is determined by the buyer, who could be the building owner or a third-party investor or program.
Certification Flexibility: The buyer may elect to review and approve a project that is still under development based on preliminary energy conservation measures (ECMs), estimated energy savings, and projected returns on investment (ROI).
Investor Pre-Approval: Investors may provide an agreement to proceed with the project, contingent upon the final certification meeting of the initially presented estimates. This approach enables the Project Developer to advance the project towards final ECM selection, accurate energy savings forecasts, and confirmed customer costs with more confidence in the buyer and a clear path to certification they control.
Final Certification: The final certification is conducted by a third-party quality assurance accessor who reviews the completed project details.
Certification Timing Guidelines The timing of certification is ultimately decided by the project investor’s requirements, allowing for flexibility in when the certification must be obtained. The buyer shall establish guidelines for timing on final certification and any interim approval steps provided.
