Islanders who could benefit from improved home energy efficiency are now eligible to apply for financing to support upgrades to their homes.
The energy efficiency loan program provides low interest financing to home owners interested in reducing energy costs by completing renovations or adding more energy efficient equipment like heat pumps.
$7.5 million is allocated to the program being led by Efficiency PEI. The interest rate for successful applicants will be 5% and the maximum loan size is $10,000.