Government introduces legislation to create PACE program
EDMONTON, AB — The provincial government has tabled a new bill that would make it easier for homeowners to finance energy efficient upgrades.
An Act to Enable Clean energy Improvements was introduced Thursday in the legislature by Shaye Anderson, Minister of Municipal Affairs.
If passed, it would allow municipalities the option of establishing a Property Assessed Clean Energy (PACE) program, which would allow home and business owners to make their spaces more energy-efficient, without putting any money down.
The financing for the upgrades, such as solar panels, would be repaid through the building owner’s property taxes.