Guelph homeowners will soon be able to get zero-interest loans from the city to make their properties greener and more energy efficient.
According to a news release issued shortly after a statement from Mayor Cam Guthrie at city council’s July 18 meeting, the city announced final details are being sorted out with the Federation of Canadian Municipalities (FCM) on a property assessed clean energy (PACE) program in Guelph, expected to be available at the end of 2022.
Through this program, property owners will be able to take on zero-interest loans — the capital will come via FCM — to cover the upfront costs of energy-saving retrofits, such as solar panels or energy efficient windows. Those loans would then be paid back through property taxes.
“It’s important to make energy efficiency as easy as possible to motivate people to participate, and that’s what this program aims to…