It’s a win-win.
Residents of Sturgeon County will soon have the opportunity to lower their utility bills while increasing their property value with a new financing program.
In mid-April, the county council approved the Clean Energy Improvement Program (CEIP) tax settlement. CEIP allows municipalities to provide competitive funding to landowners for energy efficiency and renewable energy improvements.
CEIP will cover up to 100% of project costs and provide reimbursement through the homeowner’s tax bill. If the property is sold before the repayment of the loan, the seller can repay the remaining balance, or the new owner will take charge of the repayment of the CIEP loan as part of the payment of its property tax.
“Passing this program is another example of the county’s commitment to helping residents reduce their environmental impact and reduce their future heating costs,” said Mayor Alanna Hnatiw.
“We are working on local solutions on both the demand and supply side of the energy evolution.”
Initially, CEIP will be available for residential buildings before expanding to non-residential buildings such as commercial buildings and farms.
Once the bylaw is passed, the county administration will work with CEIP’s facilitator, the Alberta Municipal Services Corporation, which will provide technical support throughout program development and lead essential tasks. These tasks will include application and processing, website management, participant and contractor customer service, contractor onboarding, and marketing and engagement.
Sturgeon County expects residents to be able to access the program in early 2023.
Some neighboring communities have already adopted the CEIP programme; the Town of Leduc adopted a CEIP by-law on April 12, 2021, with the intention of launching the program in late spring. The City of Edmonton launched its residential CIEP program on March 29, with plans to roll out a commercial program later this year.
Sturgeon County is the first rural community to adopt CEIP.