74

Home Energy Retrofit Financing Program

Low Emissions Buildings City Council consideration on Jul 8, 2024

Item Description

That Council direct Staff to:

1. apply to the Federation of Canadian Municipalities (FCM) Community Energy Efficiency Financing (CEF) program for pilot funding to support a Property Assessed Clean Energy (PACE) style home energy financing program and if successful, launch a PACE style home energy financing program for Nanaimo residents; and,

2. allocate up to $200,000 from the Climate Action Reserve Fund to support a home energy retrofit financing program.

Votes cast ‘In Favour’ are labeled as 'Climate-Positive' for the climate.