Either the homeowner or builder may register the home. The rebate will go to the homeowner, unless the homeowner requests that the builder be paid directly.
Solar Photovoltaic Equipment (EELP- SERP)
How much financing is available under this program?
SOLAR ELECTRIC REBATE PROGRAM
Eligible applicants can apply to receive a repayable loan of up to $10,000, towards 100 per cent of invoiced costs for eligible activities that have been pre-approved by efficiencyPEI under their rebate programs. The loan will bear interest at the fixed rate of five per cent per annum and is repayable over a period of up to seven years.
Solar energy is quickly gaining popularity on the Island. The use of solar energy can lower energy bills working hand-in-hand with other efficiency upgrades. The solar program makes solar power more affordable than ever before by providing financial incentive for Island homeowners, farms and businesses to install solar PV panels. Solar incentives will help reduce greenhouse gas emissions by over 500 tonnes annually and create approximately 20 jobs in PEI’s renewable energy sector. In addition to solar rebates, financing is available through the Government of Prince Edward Island to assist with the up-front costs of solar installation. Incentives for residential homes: $1,000/kilowatt installed, up to 40 per cent of installed costs, to a maximum of $10,000. THE ENERGY EFFICIENCY LOAN PROGRAM This loan program will provide financing for PEI home-owners who are approved applicants under either of efficiencyPEI’s Energy Efficient Equipment Rebate and Home Insulation Rebate programs. This will assist with the up-front costs associated with the purchase and installation of products and/or building envelope upgrades that will improve the energy efficiency of the home- owner’s existing primary year-round residence. There is also financing available to assist with the up-front costs associated with the purchase and installation of solar equipment that can lower energy bills for Islanders through the Energy Efficiency Loan Program for
started, the energy partner will arrange a site inspection to verify this with efficiencyPEI. Step two is to use the energy advisor’s customized recommendations to improve the energy efficiency of your design. Work with your builder to implement the efficiency recommendations when you build your new home. The final step to receive your rebate is to have your certified energy advisor conduct a follow up assessment on your new home within 12 months. Your home will be assigned an EnerGuide rating that tells you (and future buyers) that your home is comfortable, efficient and saves money. Depending on the efficiency of your new home, you could receive up to $5,000 in rebates.
Legacy Homes Ltd. 12745 St. Peters Road, Ten Mile House 902.626.3200 www.peilegacyhomes.com MacKenzie Builder Services Ltd. 262 Howe Pont Road, Eglington 902.969.0425 www.mackenziebuilders.ca
SPRING 2022 www.pei-living.ca
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