Monday, June 27th, 2022
Geo X Resources Ltd is proud to announce their acceptance as a qualified contractor by the Alberta Municipalities Clean Energy Improvement Program (CEIP).
The Clean Energy Improvement Program allows residential and commercial property owners to transform their property with clean energy renovations. The program allows access to competitive financing covering up to 100 per cent of project costs and repay conveniently through your property’s regular tax bill. With an affordable, flexible, and streamlined approach to financing, CEIP makes it easier for customer to bundle upgrades and take on larger retrofits.
What makes CEIP different from all other financing options available in the market is that the project financing is attached to the property, not the property owner. If the property is sold, the new owner assumes responsibility for repayment, while also enjoying the benefits of the upgrade. CEIP project financing can be repaid at any time. Interest rates and terms are set by each participating municipality.
Current municipalities involved in the program are Devon, Leduc, Rocky Mountain House and Edmonton with many municipalities joining soon.