Over half of Canmore’s greenhouse gas (GHG) emissions are from existing buildings. The Clean Energy Improvement Program (CEIP) is designed to reduce those emissions through energy efficiency upgrades and scaling up the adoption of renewable energy technologies.
CEIP helps address the upfront cost barriers associated with energy efficiency and renewable upgrades. Residential property owners, can access flexible financing from the Town of Canmore to pay for eligible upgrades that increase energy efficiency or generate renewable energy, making spaces healthier and more comfortable. Commercial properties may be added to the program in subsequent years.
Local participation in the program is enabled through the Town of Canmore’s Clean Energy Improvement Tax Bylaw (adopted December 4, 2020). The Bylaw allows the Town to offer financing for eligible upgrades and recover costs by levying a Clean Energy Improvement Charge on the property where upgrades are installed. Participation in the program is voluntary for property owners. The Town of Canmore hopes to launch CEIP in 2022.
What makes CEIP different from all other financing options available in the market is the Clean Energy Improvement Charge is tied to the property and not the property owner. If the property is sold, the new owner assumes responsibility for repayment, while also enjoying the benefits of the upgrade(s).
- Competitive interest rates and long repayment terms
- Flexibility to repay the Clean Energy Improvement Charge at any time
- Clean Energy Improvement Charge is tied to the property, not the property owner
- If rebates and incentives (municipal, federal, or other) are available they can be used to reduce your project cost
Types of Upgrades Available
- HVAC control and heating (e.g., high efficiency furnace, air source heat pump)
- Water heating (e.g., tankless natural gas water heater, drain water heat recovery)
- Renewable and alternative energy (e.g., solar PV, combined heat and power)
- Doors, windows and insulation
More information on the program, project eligibility, and the application process is available on myCEIP.ca