​Frequently Asked Questions

Naveco Power Inc.

What do we do?

We develop clean energy projects which benefit our economy and environment while keeping investments local and profitable

​Can I receive a tax credit on my investment?

​Yes, accredited investors are eligible for a 50% tax credit, and corporations and trusts can receive up to 15%. You can also further mitigate your taxes through an RRSP.

What types of projects will Naveco implement?

​​Our team does New Brunswick based renewable energy projects (Retrofits, Solar, Wind) ranging from small commercial scale (1 MW or less) to utility scale (20 MW+).

​Can I invest with my RRSP?

​​​Yes. Naveco Power is RRSP eligible! You can make an investment with new contributions, or make your current RRSP go further without adding new money. ​

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​82 Westmorland Street Retrofit

What is a retrofit?

​​The term ‘retrofit’ means to add a component or accessory to something (in our case a building) that did not have it when originally manufactured (e.g., LED lighting, ventilation, cooling system).

​How will a retrofit impact the building energy bill and consumption

​​The retrofit will reduce CO2 emissions by 30% and cut energy consumption in half. By retrofitting, 175 tonnes (equivalent to 37 cars off the road) of CO2 will be reduced.

​How does a retrofit take place?

​​​Naveco Power Inc. will work with local contractors to install and monitor the retrofitting process.

​How does a retrofit impact the value of a building?

​​​The retrofit will increase the market value of the Westmorland Place building.

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​Wind Farms

​How noisy is a turbine?

​It is approximately 60 (dBA) meaning you could easily have a conversation with a friend at the base of a windmill.

​Will the turbine affect birds?

​​Bird mortality due to wind turbines is very rare.

​What is the lifespan of a turbine?

​​The turbines being installed will have a lifespan of 20-30 years and will be properly maintained by the manufacturer who will hire and train locals.

Will a wind farm decrease my property value?

​​​​Unlikely. Studies have shown that property values within a wind farm viewshed rose more quickly than in comparable communities outside of the viewshed.

​​What is the setback distance?

​​​The setback distance will be set by municipal bylaw ensuring that noise does not exceed 40 (dBA), allowing people to get a restful night sleep.

​​Will the turbines and construction affect wildlife?

​​​​Strict Environmental Impact Assessments are performed in all areas before, during and after construction of such wind farms.

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Our Company

Energy For Today

​Location

320 Queen St, #100, Fredericton, NB,Canada, E3B 1B2

506-804-1080

​info@naveco.ca

This offering may be a high risk investment. It is open only to accredited investors, through a person authorized to sell the eligible shares. This offering is an exempt offering of shares available to residents of NB. Investors should seek professional advice regarding their personal situation before making an investment decision. Naveco Power nor Naveco Power Investments are professional advisors. Please read the Subscription Agreement, Risk Statement and Disclosure documents prior to subscribing.

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