Guelph to hand out interest-free loans and grants for green home projects | 24CA News
Homeowners in Guelph are being inspired to make their properties extra vitality environment friendly, and the City of Guelph desires to help.
Starting July 31, town will probably be accepting functions for the Guelph Greener Homes program wherein eligible owners can obtain interest-free loans of as much as $50,000.
The funds can be utilized to cowl the price of retrofits, whether or not that be putting in photo voltaic panels, upgrading issues like home windows and doorways, or putting in mechanical methods like warmth pumps.
“One of the big things is getting homes to change to heat pumps, and be less reliant on natural gas as a heat source,” stated Bryan Ho-Yan, town’s supervisor of company vitality and local weather change. “A vast majority of the homes in Guelph are on these systems.”
There can be a grant obtainable for low-income residents to buy air-source warmth pumps for his or her properties.
Eligible properties in Guelph (whether or not they’re indifferent, semi-detached, townhouse, or rowhouse) have to be no less than 5 years outdated, have a property tax account with town, owe no again taxes or haven’t any liens or title disputes on the property, haven’t began the work for which the mortgage will probably be used for, and have consent from all listed property house owners with a view to qualify.
A majority of the funding for the Greener Homes program is coming from the Federation of Canadian Municipalities.
“They’re providing $10 million worth of loans for the program, and another $5 million for the grants program,” Ho-Yan stated. “The City of Guelph is pitching in a contribution of $3.75 million.”
The program is anticipated to run for about 4 years, But Ho-Yan stated it may very well be prolonged if there’s demand for it.
“We want to make sure that people have a chance to get at this. Some are more ready than others, so we’ll monitor how the uptake is and manage the program.”
For extra data on the Guelph Greener Home program, go to the City of Guelph’s web site.
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