A step closer to Québec’s energy efficiency
A smart way to value Energy-Efficient Renovations
In 2018, the IFEM pilot project (Innovative Financing for Effective Municipalities) will expand its footprint to all Quebec municipalities! From now on, any energy-efficient project with energy savings of more than 20% will be able to access financing at very low rates! Not only are the rates excellent, but the refunds are applied to the municipal tax bill, which links the investment with the residence rather than with the owner. Thus, on the sale of a residence for which a IFEM loan has been contracted, the former owner is released from the balance to be paid and the latter is taken in charge by the new owner.
This type of financing is very interesting for projects involving geothermal energy, because the savings generated can easily cover loan repayment costs, which greatly democratize access to this advanced technology!