Calgary Seeks $30M CEIP Expansion

This is a news story, published by calgaryherald, that relates primarily to Clean Energy Improvement Program news.

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green incentive loan program

calgaryherald

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Council asked to approve $30 million in additional borrowing to expand clean energy loan program

Summary

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72% Informative

Clean Energy Improvement Program (CEIP) is a financing tool to help homeowners pay for energy-efficient and renewable energy upgrades.

The program had a $15-million initial budget, which included a $10-million loan from the Federation of Canadian Municipalities and $5 million from the city’s fiscal sustainability reserve.

Through the CEIP , homeowners can borrow up to $50,000 to support various renovation projects, including insulation upgrades, new windows, heat pumps and furnaces.

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Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

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not hateful