Call for applications: Capitalize new and existing community efficiency financing programs
Complete our readiness survey to start your application!
This call for applications will fund municipal programs that finance energy efficiency retrofits and renewable energy in residents’ homes (existing low-rise residential housing). This funding is to capitalize new and existing innovative efficiency financing programs.
To be eligible for this call for proposals, your initiative must:
- Provide financing and related services that help homeowners retrofit their homes for energy efficiency or install renewable energy
- Meet all of the prerequisites listed below
We are looking for programs with multiple benefits, including:
- Address barriers homeowners face when undertaking energy retrofits
- Provide proof-of-concept/replicable models that other municipalities can use to deliver energy financing initiatives
- Engage a range of stakeholders
- Demonstrate strong environmental, financial and social benefits, either directly to your community or through replication in other municipalities
Successful recipients of this funding will have the opportunity to exchange with peers on best practices and lessons learned and will receive financial support to participate in targeted capacity building activities designed to build your teams’ skills and improve your programs’ success.
The provincial and territorial regulatory environment for community efficiency financing varies across Canada. FCM is aiming to provide flexibility to ensure your local program meets the needs of your local community. To ensure this call for applications is accessible to all Canadian municipalities, FCM will fund two types of financing models:
- Property Assessed Clean Energy (PACE) financing undertaken by municipal governments
- Third party lending with municipal support (e.g., utility on-bill financing, non-secured loan products)
Funding for local energy programs must support the following types of initiatives in existing low-rise residential buildings (e.g., detached, semi-detached, row housing):
- Energy efficiency improvements (e.g., insulation, heating and cooling systems, windows, doors) and/or renewable energy installations (e.g. solar rooftop PV)
- Up to 30% of GMF funding for other home improvements such as water conservation, climate resilience, and health and safety improvements prioritized by a municipality
Projects must be completed within four years from the date a contract is executed between the recipient and FCM.
For a municipality as a lead applicant:
- A community energy, sustainability or climate action plan, or similar, that identifies energy efficiency and renewable energy in the residential sector as a priority area for action
- A feasibility study, market study, business case or similar for launching or expanding your financing program
- A municipal program by-law or similar resolution, which authorizes the use of the specified financing mechanism in accordance with relevant provincial/territorial legislation
- A municipal council resolution or attestation from the city manager committing to capitalize or recapitalize the program
- Proof you have legal authority to pursue the proposed initiative (e.g., a letter from your Province/Territory or Legal Counsel)
For a project partner as a lead applicant
- Same requirements as municipality as a lead applicant; plus a signed agreement between the partner organization and the participating municipality highlighting the contractual obligations of all parties
FCM has an agreement with Quebec's Ministère des Affaires municipales et de l’Habitation (MAMH) that allows the ministry to review applications to GMF before they are submitted to FCM. As the Community Efficiency Financing initiative is still in review with the Quebec government, Quebec municipalities interested in applying should contact GMF.