Maria chats with Erika Shea to discuss New Dawn Enterprises‘ journey in Cape Breton towards achieving net zero energy through renewable sources. They explore the challenges of energy poverty in the region and the benefits of transitioning to renewable energy and provide insights for other nonprofits considering similar paths. Erika shares the organization’s plans, including new housing projects and community solar arrays, emphasizing the importance of affordable utilities alongside affordable housing.
The Real Estate Impact: Transitioning Old Buildings To Renewables
New Dawn Enterprises, comprised of 17 incorporated nonprofits and charities, owns significant physical assets. The portfolio of residential, commercial, and community spaces, worth about $38 million, houses several old buildings. These structures, while significant cultural and community assets, are often inefficient, consuming a significant amount of energy. Inspired by the seasonal transition from summer to fall, Shea decided to take New Dawn Enterprises on a journey of a different kind: transitioning these buildings from traditional, fossil fuel-based energy sources to renewable energy.
Energy Poverty: A Deep-Rooted Issue In Nova Scotia
With energy poverty prevalent in nine out of ten communities in Cape Breton, the shift towards renewable energy serves a dual purpose. Not only does it reduce the carbon footprint, but it also alleviates the burden of high utility costs on tenants. By directing the transition toward community ownership of energy, Shea envisions a diversified ownership that serves objectives beyond just profit, such as the elimination of energy poverty.
Transitioning To Renewable Energy
The impact of the energy transition becomes evident in their largest community. Before their initiative, the average monthly utility bill was $368. Following the transition to net zero through retrofits and renewables, this average bill dropped to $125 a month, making a significant difference to the income of families, seniors, students, and newcomers.
Alongside substantial cost savings, the transition to renewable energy also offers other benefits. Better climate control, dehumidification, and air conditioning are now available for tenants. For New Dawn Enterprises, the reduced utility costs have strengthened their fiscal responsibility. In one case, they cut energy expenses in half, from $150,000 a year to $70,000 a year.
Steps Towards A Bright Future
Speaking from her experience, Shea advises other nonprofits and social enterprises to make the first move towards renewable energy, highlighting the availability of incentive programs and financing for renewables. For New Dawn Enterprises, the future would include the construction of new community solar arrays and energy-efficient buildings driven by passive design. With this inspiring journey, Erika Shea and New Dawn Enterprises not only contribute to a more sustainable world but also provide an exemplary model for other organizations and communities to follow.
Subscribe 📩
Receive a weekly email when a new episode is launched.
