Penticton and South Okanagan
Energy retrofit loan program launched
Sep 13, 2013 / 4:00 pm
The City of Penticton Energy Utility launched its energy retrofit loan program this week, billed as an affordable way to help families renovate their homes and improve energy efficiency.
Acting Mayor Wes Hopkin said the program is an innovative one that will not only help make the community more sustainable, but also help make residents' lives more affordable.
"Improving home energy efficiency helps us all reduce the costs of utility bills, and the program is a great way for people to realize those savings," he said.
Energy retrofits are upgrades to a home that can save money on utility bills.
The upgrades include insulation, reducing air leakage and installing more efficient space and water heating systems.
Homeowners who qualify for the program undergo a home energy assessment, which identifies improvements that would yield hundreds of dollars of savings each year.
Once the assessment is complete, the homeowner decides what projects to undertake and which contractor they want to hire.
Once the required documentation is completed, the loan will be finalized and the person who owns the home will be issued a cheque.
Interested participants must apply before Dec. 14, 2013 and work must be completed by March 31, 2014.
For more information, contact the Penticton Electric Utility at (250) 490-2535.
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