Clean Energy Improvement Program
Made-in-Alberta PACE program
A new way to finance energy-efficient upgrades
The Clean Energy Improvement Program provides residential and commercial property owners with access to competitive, long-term financing to cover up to 100% of their project costs with no down payment required.
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 (CEIP), a 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 enjoy the advantages of energy efficiency upgrades or renewable energy installations immediately, and pay for them over time through an assessment added to their property tax bill (similar to a local improvement charge). In some jurisdictions, this program is called PACE (Property Assessed Clean Energy) financing.
Energy Efficiency Alberta is supporting local governments to design and implement CEIP in their communities. With Energy Efficiency Alberta as the centralized, province-wide administrator, program participants have a single point of access from project inception to completion.
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 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 Spring 2020. This document will outline what is included in the program as well as provide clear guidelines and processes to implement a municipal Clean Energy Improvement Program.
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