Clean Energy Improvement Program
Made-in-Alberta PACE program
Affordable energy-efficiency financing
Accessing affordable financing is one of the largest barriers that property owners face when deciding to invest in energy efficiency and renewable energy upgrades. Individuals may not have the money up front or are worried about selling the property before getting their investment back.
The Clean Energy Improvement Program, the made-in-Alberta approach to Property Assessed Clean Energy (PACE), will make it easier for property owners to overcome these barriers. Property owners will be able to install renewable energy and make energy efficiency upgrades by paying for the improvements over time through their property taxes.
The Clean Energy Improvement Program Pilot. What's next?
Legislation to enable a Clean Energy Improvement Program came into effect on January 1, 2019. We're now in the process of finalizing program design details by leveraging best practices from successful PACE models in jurisdictions across North America.
A Clean Energy Improvement Program guide for municipalities will be available in Winter 2019. This document will provide details on program inclusions as well as clear guidelines and processes on how to effectively implement a municipal Clean Energy Improvement Program.