A combined total of $550,000 in financing is now available to residents in 4 municipalities for Clean Energy Upgrades to homes.
The Town of Bridgewater, along with the Municipality of District of Lunenburg, Municipality of District of Shelburne, and the Municipality of District of Digby, have partnered with Clean Foundation and the Province of Nova Scotia to provide Clean Energy Financing, also known as Property Assessed Clean Energy (PACE) financing.
The financing allows homeowners to install clean energy upgrades such as insulation, energy efficient windows and doors, as well as high efficiency heat pumps and solar panels as part of the program. A Home Energy Assessment determines what upgrades a home is eligible for. The municipalities are offering a low lending rate (4%) for the upgrades. Residents will benefit from the Clean Energy Financing program by eliminating the large upfront cost of upgrades, and the ability to spread installment payments over a period of 10 years, repayable through charges attached to their property. Should the home sell, the remaining payments become the obligation of the new home owner. Lump sum payments can be made at any time without penalty. The financing is available on a first-come-first-served basis for the remainder of 2016 and into early 2017.
Through the Clean Energy Financing program, the four municipalities are leading the way in energy efficiency in the province. This program helps residents to reduce the long term costs associated with energy especially heating and cooling as these are a home’s largest energy costs.
Any homeowner in these 4 municipalities can contact Clean Foundation for more information or to receive an application: www.CleanEnergyFinancing.ca or by calling toll-free to 1-844-727-7818.
PLEASE NOTE: Registration for all municipalities for 2016 is currently full. However, we are taking registrations for our waitlist for 2017. If you are interested please send in your registration forms and you will be given priority to enter the Clean Energy Financing Program should it continue into a second year (it is currently a pilot program).