On October 23, 2023, the Clean Energy Improvement Program Tax Bylaw 29-23 was brought forward for a public hearing where it was approved by the Mayor and Council. This Bylaw allows the Town to offer a Clean Energy Improvement Program (CEIP) and provides guidelines for how the program should operate in Okotoks. The program is made possible through financing and a grant from the Federation of Canadian Municipalities, and will launch in early 2024. Find more information about CEIP Terms and pre-qualifications or contact our Environment & Sustainability Team to learn more.
This voluntary program will allow residential property owners to apply for and obtain low interest loans from the Town of Okotoks to complete energy efficiency renovations. Only the property owners who choose to participate in CEIP would see an increase on their annual property tax bill, based on improvements made to their property. These increases will be noted on your annual tax bill until your CEIP financing has been repaid. If you do not participate in the program, it will not impact your property taxes. Energy efficiency renovations include:
- High Efficiency Furnace Triple Pane Windows
- Solar PV
- Combined Heat and Power
- Increased Insulation
- Tankless Water Heater
- other renovations as approved.