This hit the news about the city offer a loan program for homeowners to upgrade in order to become more energy efficient.
https://globalnews.ca/news/8429188/e...ogram-calgary/
Quote:
Calgary homeowners looking to get some help retrofitting their home to be more energy efficient will soon be able to get that help from their property taxes.
Approved by city council on Monday, the Clean Energy Improvement Program covers up to $50,000 for those renos, to be repaid on the property tax bill over a period of up to 25 years at the same interest rate the city would pay on loans funding the program.
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I am interested in potentially getting some solar panels and also doing some other upgrades to HVAC and our water tank. I was actually just asking about water tanks a few weeks ago as our tank will need a replacement soon.
I don't think the details are out for this program yet but does anyone have any early thoughts? I recall seeing a piece on these types of program on Last Week Tonight about how they could end up being predatory. What are the benefits/costs to doing retrofits with a government funded loan program vs a traditional HELOC?