Video: Durham Region, ON launches novel financing model
COMMUNITY EFFICIENCY FINANCING
Home-energy upgrade financing program
Video
Are you looking to transform your municipality into an energy-efficient community? Learn more about the newly launched Durham Greener Homes Program, which uses an innovative, third-party financing model to make energy-efficient home upgrades more accessible for homeowners.
Get inspired by the Durham Greener Homes Program
The Durham Greener Homes Program is a first-of-its-kind home-energy upgrade program utilizing third-party lending as an alternative to traditional Property Assessed Clean Energy (PACE) models. This type of programing offers unsecured loans to homeowners at preferential rates and can be implemented in regions where PACE may not be currently allowed due to legislation. The program is part of the Region’s Community Energy Plan and is funded by a $3.4 million investment from GMF’s Community Efficiency Financing (CEF) initiative.
What you will learn:
- How Durham Region set up a program with two local credit unions to help homeowners to improve the energy performance, comfort and value of their homes through energy efficiency upgrades, renewable energy installations and other improvements
- How the program's unique home energy retrofit concierge service and home energy coaches help homeowners in Durham Region select personalized improvements for their home and help them navigate the upgrade process
- How GMF supports municipalities and their partners through the Community Efficiency Financing initiative
GMF’s Community Efficiency Financing initiative can help you develop a similar program in your community.
Contact our Outreach team who can answer any questions you have relating to this funding initiative.
Book a meeting with a GMF advisor.
1-877-417-0550
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