Innovative financing models – like Property Assessed Clean Energy (PACE) or utility on-bill financing – can help residents afford the high cost of energy upgrades and contribute to local greenhouse gas (GHG) emissions reductions.
The City of Kingston, ON, has announced Better Homes Kingston – a local financing program that enables homeowners to pay back the cost of home-energy upgrades through a special charge on their property tax bill. The program intends to support upgrades for 20 to 50 percent of Kingston’s pre-1991 single-family homes by 2040, contributing to the city’s carbon-neutral goals. Tools and technical support are also available to guide homeowners through their home-energy retrofit journey.
To strengthen the program’s design, the city identified which residents and what types of homes could benefit most from a local financing program. They also worked closely with program partners – including local utility providers and NGOs – to help inform the program’s marketing strategy and ensure that residents will be well-supported to make improvements to their homes.
What you’ll learn from this video:
- High-level steps to implementing a home-energy upgrade financing program using the Local Improvement Charge (LIC) model
- Strategies for designing a program that best supports residents and your local context
- Techniques to help you understand the potential benefits of a program in your municipality
Hear from Julie Salter-Keane, Manager of Climate Leadership at the City of Kingston, as she discusses the City’s program implementation and their approach to designing a strong local program.
- Learn more about funding and training resources from our Community Efficiency Financing initiative
- Watch this introductory video on local home-energy financing programs
- City of Kingston – Better Homes Kingston website
- News release – Canada and FCM invest in home energy retrofits in Kingston