The City of Yellowknife (the City) is in the process of creating a Home Energy Financing Program, which may offer residents the chance to use various financing options to make energy efficient retrofits to their homes.

The City is holding a public Open House in the Council Chamber at City Hall on Wednesday, May 18, 2022, from 12:00 p.m. to 2:00 p.m. to gather feedback from residents to understand the community’s ability to invest in energy efficiency and renewable energy home improvements and what options residents want to see in this program. Residents unable to attend are invited to share their opinion via our survey on PlaceSpeak.

Background:

Through its Corporate and Community Energy Action Plan, the City has goals to reduce greenhouse gas emissions by 30%, compared to 2009 levels. It also aims to increase the share of renewable energy use from 18% to 30%. Home energy retrofits are an essential tool for achieving these goals since almost 70% of the community’s energy consumption is from heating buildings alone.

Financing is emerging as a promising tool to help homeowners overcome the high upfront costs of energy improvements. A City-supported finance program could help homeowners access long-term financing at lower interest rates to make energy improvements that reduce energy consumption, lower utility bills, and improve their comfort. The resulting energy savings can help offset the monthly financing costs.

Throughout this engagement process, the City wants to hear from the community to help understand homeowner’s needs and how the City can best support them to improve the energy performance of their homes.

For more information, please call the City at 920-5600.