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.

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

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