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Saskatoon city hall expects several hundred homeowners would jump at the chance to participate in a proposed loan program intended to pay for energy-efficient home upgrades and retrofits.
City administrators are recommending council approve Saskatoon’s first property assessed clean energy (PACE) program, which would provide loans of up to $60,000 repayable over a term up to 20 years.
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The loans would pay for a range of improvements, from low-flow toilets and faucets to high-efficiency doors and windows, as well as solar panels, new furnaces and electric vehicle chargers.