Tue, 24 May 2022

New residential energy retrofit financing program for Leduc, Alberta

Canada News Centre
26 Apr 2022, 05:01 GMT+10

April 25, 2022                                        Leduc, Alberta

Helping Canadians upgrade their homes to be more energy-efficient fights climate change, creates good jobs and helps save on monthly bills.

The Honourable Jonathan Wilkinson, Minister of Natural Resources, and Joanne Vanderheyden, President of the Federation of Canadian Municipalities (FCM), announced today a $4.1-million investment through the Community Efficiency Financing (CEF) initiative to implement a home energy retrofit financing program that will lower greenhouse gas (GHG) emissions and drive cost savings in the City of Leduc, Alberta.

The City of Leduc receives $4,102,500 to implement the Clean Energy Improvement Program (CEIP). This Property Assessed Clean Energy (PACE) program, administered by Alberta Municipalities, will finance energy efficiency and renewable energy upgrades for residential properties. Homeowners will then repay the cost of their home energy projects over time through a CEIP charge added to their property tax bills. Application intake is expected to begin in late May.

The program will be available to residential homeowners with eligible properties, including townhouses and detached, semi-detached and row houses, as well as multi-unit residential buildings of three storeys or less. Participants can select from a variety of upgrades, including solar photovoltaic systems and solar water-heating; air-source heat pumps; high-efficiency furnaces, boilers and lighting fixtures; home insulation; and air sealing. To promote participation, the City will offer rebates for eligible upgrades, EnerGuide Home Evaluations and electric vehicle car chargers. 

The Community Efficiency Financing initiative is offered through the Green Municipal Fund delivered by FCM and funded by the Government of Canada. CEF helps communities of all sizes implement innovative local financing programs that directly help homeowners cut their GHG emissions and make their homes more energy-efficient, comfortable and affordable while also creating local jobs and keeping the local economy moving.

This initiative is one of the ways that GMF continues to build on its 20-year record of supporting transformative environmental initiatives at the community level. The Government of Canada has invested $1.65 billion in GMF since its inception, enabling municipalities to support projects such as this that leverage local resources to drive innovative solutions.

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