What is CEIP?
by Stephanie Ho Lem, CHCA Director – Environment, Climate Change, and Sustainability
The month of February was busy with homeowners applying to be part of CEIP, the Clean Energy Improvement Program that was launched on January 31. For those who are not familiar with this program, the following is some background.
October 3, 2022, Natural Resources Canada announced a $25.6 million investment in four Alberta municipalities.
December 6, 2022, Calgary approved the CEIP Bylaw 53M2021 for $15 million the City received.
The CEIP was launched the following month on January 31.
The new City initiative is to help the residential homeowner finance the up-front costs of energy efficiency and renewable energy improvements.
Availability is limited and provided on a first-come first-served basis.
The response to the program is welcomed. Some particulars are:
• The loan is tied to the property and not to the homeowner.
• Maximum loan available to each property is $50,000.
• The loan is repayable through property taxes in 20 years or sooner.
Find out more on the City of Calgary’s YouTube.
Please note that the content provided is for informational purposes.
