City of Saskatoon introduces retrofit financing program

The Saskatoon Home Energy Loan Program supports retrofits for single-family homes, “whether it goes toward a new furnace, windows, replacing a leaky door, or multiple projects.”

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The City of Saskatoon has introduced a new program to support residents who want to retrofit their homes.

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The Saskatoon Home Energy Loan Program supports retrofits for single-family homes by allowing repayment of loans through the property tax system.

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The loans could provide financing for a range of projects, including energy efficiency upgrades, renewable energy installations, water conservation measures, electric vehicle (EV) charging stations and battery storage technology. A city news release adds that the city will consider additional enhancements to the program.

“Whether it goes toward a new furnace, windows, replacing a leaky door, or multiple projects, this program helps citizens save money month-to-month on utility costs, as well as reduce greenhouse gas emissions,” Mayor Charlie Clark said.

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The program — the first under the Property Assessed Clean Energy (PACE) umbrella in the province — was announced in partnership with the federal government. Through the government’s Community Efficiency Financing initiative, the loan program is receiving an $11.1-million investment.

“We deliver results with our federal partners — supporting cities like Saskatoon build a greener, more sustainable community, create jobs and helping Canadians make their homes more comfortable and affordable,” said Saskatoon Ward 7 Coun. Mairin Loewen, who is a board member with the Federation of Canadian Municipalities.

The new program includes additional supports for low-income households, ranging from the waiving of a fixed administrative fee to free equipment upgrades and additional rebates.

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The release said the investment is expected to support 230 to 430 local jobs in the construction and skilled trades sectors over the program’s four-year implementation.

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