Is the CEIP project financing listed on the title of the property? And will it have priority ahead of any mortgage payments in the case of default?

The CEIP program financing is recorded on the property tax roll, but may not be registered on title (property owners should confirm the details with their municipality before participating). Similar to property taxes, CEIP has primary lien status, which means, in case of default, the CEIP financing is repaid before a first mortgage.

If a property with CEIP financing is offered for sale, the existence and contents of a Clean Energy Improvement Agreement must be disclosed to prospective buyers, and if the owner engages a realtor, to the realtor. If the property is sold, the property owner must ensure the Clean Energy Improvement Agreement is appended to the contract of sale.