More cities offering loans to cover upfront cost of heat pumps, solar

CBC News reports on loans to help homeowners make green upgrades to their homes.

Julian Boyle, president of PACE Atlantic, stands in front of a local home's solar panel and battery storage project.

Photo: Shane Hennessey/CBC 

Mike Campbell didn't pay a penny upfront when his new air-source heat pumps were installed this spring to replace his old oil boiler. The Charlottetown homeowner got a zero-interest loan that he'll pay back over 10 years.

In the meantime, he's saying goodbye to heating-oil bills that sometimes topped $1,000 a month — savings that can cover his loan payments.

Campbell got the loan through a government-funded program called Switch Charlottetown, run by a group called Property Assessed Clean Energy (PACE) Atlantic, a community interest corporation, on behalf of the local municipality. 

Read the full article at CBC News