Flexible financing

Alberta’s Clean Energy Improvement Program (CEIP) provides municipalities the opportunity to offer competitive financing to property owners for energy efficiency and renewable energy upgrades. CEIP covers up to 100 per cent of project costs and offers convenient repayment through property owners’ regular property tax bill.

What makes CEIP different from all other financing options available in the market is that the project financing is attached to the property, not the property owner. If the property is sold, the new owner assumes responsibility for repayment, while also enjoying the benefits of the upgrade. CEIP project financing can be repaid at any time. Interest rates and terms are set by each participating municipality.

For renovations that make a difference

Property owners benefit from lower interest rates secured by their municipality and approval is primarily based on mortgage and property tax payment history.

Because the financing is attached to the property, if the property sells, the new owner will take on repayment while enjoying the benefits of lowered utility bills and increased property value.

This encourages property owners to take on multiple, cost-saving renovations at once—for example, replacing a furnace and hot water tank while also adding insulation and solar PV. Property owners can then save on energy costs which makes it easier to pay back their financing.

Municipalities that encourage clean energy improvements achieve community climate and sustainability goals faster. At the same time, they generate more work for local contractors, upgrade their community’s building stock, and decrease residents’ utility bills.