Residential

Town of Canmore

Residential property owners in the Town of Canmore can finance up to 100% of their energy efficiency or renewable energy projects

The Clean Energy Improvement Program, or CEIP, is an innovative financing tool for property owners to finance up to 100% of home energy efficiency upgrades and renewable energy installations.

Access competitive financing and make repayment convenient through your property’s regular tax bill.

Highlights

Town of Canmore’s Clean Energy Improvement Program

For details on any of the highlights below, please review the Town of Canmore’s CEIP Terms and Conditions.

Participant & property eligibility

Must be the legal owner of an existing low-rise residential property located in the Town of Canmore and meet all requirements listed in the Town of Canmore’s CEIP Terms and Conditions.

Eligible upgrades

All eligible energy efficiency and renewable energy upgrades are detailed under Residential Eligible Upgrades. Town of Canmore participants must install eligible upgrades with a minimum total cost of $3,000 to qualify for financing.

Financing terms

The maximum financing term is the lesser of 20 years or the effective useful life (EUL) of the eligible upgrades. The EUL is the average time in years where the upgrade is expected to result in energy savings and is noted under Residential Eligible Upgrades.

Interest rate

The interest rate provided by the Town of Canmore will not exceed BMO Prime.

How to Apply

  1. Check if your municipality is participating
  2. Review your municipality’s terms and conditions.
  3. If eligible, submit a pre-qualification form.

Ready to apply?

Available incentives

CEIP Upgrade Incentive

An incentive of $500 is available for completed CEIP projects. Incentive availability is limited and will be provided on a first-come, first-served basis to participants who complete a CEIP project. The incentive will be applied directly to the Clean Energy Improvement Tax to reduce the total project financing amount. Only one CEIP Upgrade Incentive is available per project. The Town of Canmore’s CEIP Upgrade Incentive can be stacked with incentives offered through the Government of Canada Greener Homes Program.

Start your Clean Energy Improvement Program journey

Step 1: Pre-Qualification

Read the Town of Canmore CEIP Terms and Conditions, then complete the Pre-Qualification Form with your property’s details (this will be available to Canmore residents on Nov. 1, 2022). The Pre-Qualification Form is used by the Town of Canmore and Alberta Municipalities to confirm that you and the property meet the basic program eligibility criteria.

When submitting the Pre-Qualification Form you must upload:

  • Proof that the property to be upgraded is insured (i.e., home insurance with personal liability coverage of at least $1 million). Accepted proof includes an insurance binder letter or copy of the insurance policy that clearly states the policy provider, policy number, property address, personal liability coverage, and term of the policy.
Step 2: EnerGuide Home Evaluation & Project Application

After Pre-Qualification is confirmed, complete an EnerGuide Home Evaluation, select a Qualified Contractor, and submit the Project Application Form provided by Alberta Municipalities:

  1. Schedule a pre-project EnerGuide Home Evaluation using a Natural Resources Canada (NRCan) Energy Advisor. Choose from the Energy Advisors listed on the Qualified Contractor DirectoryIf you have completed an EnerGuide Home Evaluation (version 15), you may not need to complete a new one. Check the Town of Canmore CEIP Terms and Conditions to confirm which EnerGuide Home Evaluation version is eligible.
  2. Using the Renovation Upgrade Report provided by your Energy Advisor as a guide, decide which eligible upgrades you want to finance through CEIP. The upgrade must be listed on the Residential Eligible Upgrades list and must meet all eligibility requirements.
  3. Next, visit the Qualified Contractor Directory and contact Qualified Contractors to get quotes for eligible upgrades. We recommend getting quotes from at least three different Qualified Contractors for each upgrade.
  4. With the help of your Qualified Contractor(s), complete the Project Application Form and submit the completed form and all required supporting documents to Alberta Municipalities as outlined on the Residential Eligible Upgrades.
Step 3: Agreements

If the Project Application is approved, we will confirm the approved financing amount and provide the Clean Energy Improvement Agreement and the Project Agreement for your review and signature. Both agreements must be signed by all required parties before upgrade installation(s) can begin.

What are the program agreements?

  • The Clean Energy Improvement (CEI) Agreement is an agreement between the property owner and the municipality. It sets out the financing terms, disclosure requirements in the event of property sale, eligible project costs and project completion deadline.
  • The Project Agreement is a tri-party agreement between the property owner, the Qualified Contractor, and Alberta Municipalities. It defines the scope of the project and sets out the terms relating to the Qualified Contractor’s installation of the upgrades. For projects where you are hiring more than one Qualified Contractor, a Project Agreement will need to be signed with each Primary Qualified Contractor. For more detail on the project agreement, see the Town of Canmore CEIP Terms and Conditions.
Step 4: Project Installation

After all agreements are signed, Alberta Municipalities will send an Installation Authorization Notice, at which point upgrade installation(s) can begin. All upgrades that are part of the project must be completed within six months of receiving the Installation Authorization Notice.

Step 5: Upgrade Completion

When the installation of an approved upgrade is complete, you must submit an Upgrade Completion Form confirming final upgrade details and costs to Alberta Municipalities for review. If your CEIP project has multiple upgrades completed at different times, multiple Upgrade Completion Forms will need to be submitted.

Once the Upgrade Completion Form is processed and approved, Alberta Municipalities will pay your Qualified Contractor(s) directly.

Once all upgrades in your project are complete, an updated Clean Energy Improvement Agreement will need to be signed with the Town of Canmore, to confirm the final amount to be financed.

Step 6: Post-project EnerGuide Home Evaluation

After all approved upgrades in a CEIP project are installed, a post-project EnerGuide Home Evaluation must be completed to determine the energy savings and verify the installation. Property owners will receive a new EnerGuide rating and label. This label, the updated Renovation Upgrade Report, and the invoice for the evaluation must be submitted to Alberta Municipalities.

Step 7: Repayment

Once the project is deemed complete, the approved project cost will be recorded on the property’s tax account. Any Town of Canmore incentives the project is eligible for will be applied to this financing amount, reducing the total amount owing.

You will repay the cost of the project over time through the Clean Energy Improvement Tax added to your property’s tax bill. The outstanding balance may be paid at any time.

How to Apply

  1. Check if your municipality is participating
  2. Review your municipality’s terms and conditions.
  3. If eligible, submit a pre-qualification form.

Ready to apply?

Town of Canmore Qualified Contractors

Find a local contractor to upgrade your property. Browse the Contractor Directory to get started with a professional who already understands your financing requirements.

About the Program

The Clean Energy Improvement Program helps the Town of Canmore achieve its sustainability goals. The Town passed the Clean Energy Improvement Tax Bylaw in 2020. The program provides an affordable way for homeowners to make energy-saving improvements to their homes through low-interest financing. Plus, the program creates opportunities for local contractors.