60 Pleasant Street, Bridgewater, NS, B4V 3X9
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The Clean Energy Financing program allows Bridgewater homeowners to install clean energy upgrades such as insulation, energy efficient windows and doors, as well as high efficiency heat pumps and solar panels, and have the up-front costs paid for by the Town. A Home Energy Assessment determines what upgrades a home is eligible for. The Town is offering up to $20,000 for qualifying homes, at a fixed low lending rate of 4% amortized over 10 years. 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 decade.

The program uses a financing mechanism called Property Assessed Clean Energy Financing, or PACE, which attaches the loan as a municipal lien against the property.  The homeowner then repays the Town through monthly installment payments, which gradually draw down the lien against the 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 program completed a successful pilot year in 2016, and has now been extended for 5 years (2017 - 2021).  Town Council has committed $100,000 in financing per year, subject to annual review.  The financing is available on a first-come-first-served basis.

The Clean Energy Financing Program is administered by highly qualified energy professionals at the Clean Foundation, which also administers the same program for the District of Lunenburg, the District of Shelburne, and the District of Digby. 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 can contact Clean Foundation for more information or to receive an application: www.CleanEnergyFinancing.ca or call toll-free to 1-844-727-7818.  Read the informative Frequently Asked Questions to learn more.

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