City of Saskatoon is the biggest city within the Canadian province of Saskatchewan.
Funded by an 11.1 million dollar investment through the Community Efficiency Financing initiative, the Saskatoon Home Energy Loan Program is the province’s first Property Assessed Clean Energy (PACE) program.
It’s designed to assist support retrofits for single-family homes and can allow for the repayment of loans through the property tax system.
The brand new program will encompass a big selection of measures.
It’ll fund homeowners undertaking energy efficiency upgrades, renewable energy installations, water conservation measures, electric vehicle charging stations, and battery storage projects.
“Saskatoon is the primary municipality in Saskatchewan to implement a program just like the Home Energy Loan Program. It allows residents to borrow money from the City to make energy-efficient retrofits for single-family homes,” said Charlie Clark, Mayor, City of Saskatoon. “Whether it goes towards a recent furnace, windows, replacing a leaky door, or multiple projects, this program helps residents get monetary savings month-to-month on utility costs and reduce greenhouse gas emissions.”
Low-income families will probably be eligible for further support through this system, corresponding to its fixed administrative fee being waived.
As well as, certain services and equipment upgrades will probably be provided to low-income families, freed from charge, together with additional rebates.
In partnership with SaskPower, town supports the participation of low-income families in the prevailing Energy Assistance Program, which provides energy coaching and low-cost upgrades to eligible households.
The primary intake of the Saskatoon Home Energy Loan Program was extremely popular, and this system now has a waitlist.
This system’s goal is to directly help homeowners reduce their greenhouse gas emissions and make their homes more energy-efficient, comfortable, and inexpensive while also creating local jobs and promoting economic growth.
“It’s critically necessary to have everyone within the climate fight,” said Steven Guilbeault, Minister of Environment and Climate Change. “Municipalities across Canada are doing their part with modern solutions that create jobs and climate resilience. Green infrastructure investments in Canadian communities will make our air cleaner, our economy stronger, and set us on the trail to a net-zero future.”