In 1995, the City of Edmonton created a revolving fund aimed at energy retrofits of City facilities. This fund initially started at $1 million dollars and was increased in 1999 to $5 million. In 2002, City Council approved an increase in the fund limit of up to $30 million, to be financed from the Alberta Municipal Finance Corporation (AMFC)
The $30 million fund is set aside for energy efficiency projects such as upgrades to lighting, heating, cooling and ventilation systems and envelope upgrades. The amount borrowed against the fund for these projects is repaid over a period of up to eight years (up to 10 years by exception) out of the utility savings making this money available for other energy projects.
The document below provides more information on the City's Energy Management Revolving Fund:
How can you reduce your home energy bills?
- Reducing Home Energy Use