What Bondi Energy Is All About
Bondi Energy is on a mission to decarbonize our cities one building at a time. Specializing in electrifying and boosting energy efficiency in multifamily and commercial buildings across North America, they focus on replacing natural gas heating with heat pumps. Why? Because burning natural gas for space heating and hot water is a major culprit behind greenhouse gas emissions. Heat pumps offer a smarter, cleaner alternative that’s 3 to 4 times more energy efficient than traditional gas heating. Plus, they bring along some pretty neat perks like lower energy bills, air conditioning, and improved indoor air quality. It’s a full-on game changer for building electrification.
The Big Benefits of Heat Pumps
Heat pumps aren’t just efficient—they’re transformative. Here’s a quick snapshot of what they bring to the table:
- Increase Cap Rate Values: Offset rising electricity costs, interest rates, and inflationary operating expenses.
- Reduce Greenhouse Gas Emissions: Cut carbon dioxide emissions by 38–58% compared to gas furnaces.
- Heating and Cooling in One: Efficient electrical heating and cooling all wrapped up in a single solution.
- Lower Energy Bills: Making heating and cooling more affordable, especially for those in the lowest income brackets who often pay the highest share of their income on these costs.
- Introduce Air Conditioning: A growing public health need as global temperatures rise.
- Improve Air Quality: Heat pumps reduce indoor pollution from gas stoves and ovens and often include MERV 13 filters to purify the air.
Going Beyond Heat Pumps: Deep Energy Retrofits
Bondi Energy doesn’t stop at heat pumps. They deliver a full turnkey retrofit process that includes a range of deep energy retrofit services and technologies. Think separate metering, building automation systems (BAS) for demand response programs, electrification of domestic hot water, water monitoring and savings, plus upgrades like windows, lighting, insulation, solar panels, EV chargers, and cladding. All designed to squeeze maximum efficiency and sustainability out of every building.
Making Retrofits Work for Occupied Buildings
One of the trickiest parts of retrofitting multifamily buildings is doing it while tenants are still living there. Bondi Energy has the experience and know-how to handle these complex installations smoothly and with minimal disruption. This means building owners can upgrade their properties without kicking anyone out or causing major headaches. It’s a win-win for everyone involved.
Incentives and Support: The Inflation Reduction Act
The Inflation Reduction Act (IRA) is a huge boost for building electrification projects. It aims to slash the U.S. carbon footprint by 40% by 2030 and offers some serious incentives:
- 179D Tax Deduction: Expanded and increased for energy-efficient commercial buildings, with $1 billion allocated for retrofit projects in affordable housing.
- Rebates: Whole building retrofits on affordable multifamily housing can qualify for $4,000 per unit and up to $400,000 per building.
- 45L Tax Credit: Now up to $5,000 per dwelling unit for single-family and multifamily developments, regardless of building height.
Bondi Energy is well-versed in navigating these programs, helping building owners maximize their savings and incentives.
Project Impact on Sustainable Development Goals (SDGs)
- SDG 7: Affordable and Clean Energy – Promoting energy-efficient heating and cooling solutions.
- SDG 11: Sustainable Cities and Communities – Decarbonizing urban buildings for healthier living environments.
- SDG 13: Climate Action – Significantly reducing greenhouse gas emissions from buildings.
- SDG 3: Good Health and Well-being – Improving indoor air quality and access to air conditioning.
- SDG 9: Industry, Innovation, and Infrastructure – Implementing advanced retrofit technologies and systems.
Partnering with Governments and Utilities
Bondi Energy works closely with municipalities and utility providers to help meet climate and decarbonization goals. They’re not just retrofit experts—they’re also skilled program and project managers who turn policies into real-world upgrades. Offering flexible financing, a broad network of energy contractors, and scalable electrification programs, Bondi Energy supports cities and utilities in rolling out clean energy initiatives that make a tangible difference. It’s about creating smarter, greener communities that are ready for the future.
