Leduc, Alberta — The city of Leduc, Alberta, has received an investment of $4.1 million to implement it’s Clean Energy Improvement Program (CEIP). The CEIP is a Property Assessed Clean Energy (PACE) program and will finance energy efficiency and renewable energy upgrades for residential properties. Homeowners will then repay the cost of their home energy projects over time through a CEIP charge added to their property tax bills.
The investment is made through the Community Efficiency Financing (CEF) initiative, funded through the Green Municipal Fund delivered by FCM and funded by the Government of Canada. The CEF looks to implement a home energy retrofit financing program that lowers greenhouse gas (GHG) emissions and drives cost savings in Leduc.
“Thank you to the Government of Canada and the Federation of Canadian Municipalities for this meaningful opportunity. This investment empowers us to advance the city’s goals of protecting the environment and contributing to the local economy. We are grateful to have the chance to bring such an innovative program to the city of Leduc,” said Bob Young, mayor of Leduc.
The CEIP will be available to residential homeowners with eligible properties, including townhouses and detached, semi-detached and row houses, as well as multi-unit residential buildings of three storeys or less. Participants can select from various upgrades, including solar photovoltaic systems and solar water-heating; air-source heat pumps; high-efficiency furnaces, boilers and lighting fixtures; home insulation; and air sealing.
Leduc will also offer rebates for eligible upgrades, and the application intake is expected to begin in late May.