On October 23, 2023, the Clean Energy Improvement Program Tax Bylaw 29-23 was brought forward for a public hearing where it was approved by the Mayor and Council. This Bylaw allows the Town to offer a Clean Energy Improvement Program (CEIP) and provides guidelines for how the program should operate in Okotoks.
Okotoks' Clean Energy Improvement Program is currently open for applications on a first-come, first-served basis until financing is depleted. Find more information about CEIP Terms and pre-qualifications or contact Alberta Municipalities.
What is CEIP?
CEIP offers financing to residential property owners to help with the upfront costs of energy efficiency and renewable energy upgrades. CEIP offers homeowners:
- Financing for up to 100% of eligible project costs.
- Competitive interest rates (rate is currently 3%).
- Long repayment terms (up to 20 years).
- The option to repay in full at any time without penalty.
- An incentive of $500 toward total project costs for the first 39 projects.
- Repayment collected through your property tax bill.
The program is administered by Alberta Municipalities. Visit Okotoks’ CEIP page to read the full terms and conditions, review the eligibility criteria, view eligible upgrades, and learn about the repayment terms for your specific project.