Solar PV (photovoltaic) projects on residential properties with up to four units are eligiblefor financing. Please give us a call to confirm eligibility.
Have your project pay for itself through energy savings!
On average, installing a solar system will save you $130 /month in energy and it will cost $110/month in financing.
- Key Financing Terms:
- Financing through your property, not personal credit
- 4.75% interest rate
- Up to 15-year term
- One-time 5% admin fee to cover program administration costs (see more details below in The Fine Print)
- No fees for early repayment
- Finance up to $30,000 or 25% of your property value (whichever is less)
- Low monthly payments with typical savings that will exceed payments
To better serve low-income residents of Colchester County, the efforts have expanded to make Cozy Colchester and Solar Colchester programs more accessible. The 5% administration fee will be waived for all qualifying households with incomes below the following thresholds:
Household Size
Maximum Net Household Income
(Line 236 of Notice Assessment)
(Line 236 of Notice Assessment)
1 person
$27,250
2 to 4 people
$50,635
5 or more people
$72,113
Contact us for more information.
Homeowners eligible for the Low-Income Admin Fee Exemption may also be eligible for free home upgrades through Efficiency Nova Scotia’s HomeWarming program, see here more info, click here
You could be eligible for federal or provincial rebates to support your project, initiatives such Greener Homes Canada and Solar Homes Nova Scotia.
