Calgary owners in search of assist renovating their residences to make them extra power environment friendly have one other place to show.
The Metropolis of Calgary opened functions for the Clear Vitality Enchancment Program (CEIP) on Tuesday.
“We have heard from Calgarians over a time period that they want to improve the situation of their dwelling to make it extra power environment friendly, however it’s simply unaffordable for lots of people proper now,” mentioned Calgary Mayor Jyoti Gondek. Tuesday mentioned. “With what we have seen by way of inflation, it is simply been a bit troublesome for folks to do the issues they wish to do.”
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With financing for as much as one hundred pc of challenge prices as much as a most of $50,000 per property, CEIP covers a wide range of eligible dwelling enhancements.
In accordance with a launch issued Tuesday, program contributors get “aggressive” rates of interest, reimbursement phrases of as much as 20 years and the choice to repay the quantity in full with out penalty.
The town is working this system with Alberta Municipalities, previously generally known as the Alberta City Municipalities Affiliation, and the Federation of Canadian Municipalities.
When offered to town council in December 2021, this system was anticipated to assist greater than 700 owners enhance their properties’ power efficiency.
“Applications like CEIP additionally help our native financial system,” Carlee Beaver, CEIP program supervisor, mentioned in a press release. “Native contractors, who embrace power effectivity and renewable power of their providers, are inspired to use to be listed as eligible to supply providers for CEIP initiatives.”
Calgary turns into the ninth municipality to launch a CEIP alongside Alberta municipalities. Different municipalities embrace Edmonton, Canmore, Lethbridge, Athabasca, Devon, Leduc, St. Albert and Rocky Mountain Home.
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