The Cozy Colchester and Solar Colchester programs will be open to the public for our fall relaunch on September 18th, 2023!
Why should I participate in Solar Colchester?
We make it simple...
- Generate clean energy and reduce your greenhouse gas emissions
- Easy access to technical advice
- No money down
- Low interest rate
- Savings that will exceed payments, in most cases
- Help to access and benefit from all eligible provincial and federal rebates
How do I participate?
We can help you get quotes from local contractors and a Home Energy Assessment (as needed)
When you are ready, sign our Participant Agreement
We authorize contractor to proceed
We pay contractor once the work is complete
Start your payments and start saving
Solar PV (photovoltaic) projects on residential properties with up to four units are eligible
for financing. Please give us a call to confirm eligibility.
For other energy efficiency projects, visit our Cozy Colchester webpage.
Call for Contractors!
Are you a local contractor/supplier and want to know more about the program and
grow your business?
To express interest or get invited to our next industry engagement session, give us a
See our up-to-date list of approved Solar Colchester contractors here.
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
Do you qualify for our Low-Income Administration Fee Exemption?
To better serve low-income residents of Colchester County, we have expanded our efforts 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)
|2 to 4 people||$50,635|
|5 or more people||$72,113|
Let’s minimize costs and maximize energy savings, together!
Homeowners eligible for the Low-Income Admin Fee Exemption may also be eligible for free home upgrades through Efficiency Nova Scotia’s HomeWarming program. Visit HomeWarming.ca for more information.
Combine with other Incentives
You could be eligible for federal or provincial rebates to support your project! Call us at 902-920-0615 and an energy advisor will help you access available incentives, such as:
The Fine Print
Call us if you would like to see a sample Participation Agreement at 902-920-0615.
Additional Fees & Charges: There is a one-time 5% administration fee for each project to cover program administration costs, including energy concierge services, arranging free home energy assessments, checking property value & property tax status, helping homeowners navigate the rebate process, drafting and executing legal agreements, setting up and collecting monthly payments for 10-15 years, etc. For example: a $20,000 project with a 10-year loan term will have a $1,000 admin fee, equivalent to $8.33/month.
The administration fee may be paid in full upfront or added to the loan principal at the same interest rate. Note that Solar Colchester and Cozy Colchester are operated on a user-pay model for the Municipality. This means the programs are not being subsidized by non-participating taxpayers.
There will be additional fees for missed loan payments.
This project was carried out with assistance from the Federation of Canadian Municipalities’ Green Municipal Fund, an endowment created by the Government of Canada.