Yes, you can use the Clean Energy Improvement Program (CEIP) to finance a new high-efficiency furnace in Calgary. High-efficiency furnaces (specifically those with a 96%+ AFUE rating) are listed as eligible upgrades under the program.
CEIP is a property-assessed financing model that allows you to pay for energy-efficient home improvements through your municipal property tax bill. This program offers several benefits for homeowners looking to upgrade their HVAC systems:
- No Upfront Costs: The program removes the initial financial barrier by spreading the cost over time (up to 20 years).
- 0% or Low Interest: CEIP financing in Calgary typically offers zero to low-interest rates.
- Property-Linked Repayment: Because the loan is attached to the property rather than the individual, the repayment obligation stays with the home if you decide to move.
- Energy Savings: Upgrading to a high-efficiency furnace can lead to estimated energy savings of up to 30% on heating costs.
To qualify, the furnace must be installed by a CEIP-registered contractor, such as Northstar Heating & Cooling. The application process generally involves verifying your property eligibility, receiving a quote for qualifying equipment, and submitting an application to the City of Calgary for approval.
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