What is on-bill financing?

On-bill financing refers to the loan service available through the City of Nelson for eligible energy efficiency upgrades or an E-Bike, and will be repaid by the Nelson Hydro customer on their utility bill. For more information, please contact the EcoSave Program Manager by calling 250-352-8132.

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1. What is on-bill financing?
2. Who can apply for on-bill financing?
3. What are the loan details?
4. What type(s) of retrofits can be financed?
5. Is it mandatory to apply for on-bill financing as a Participant in the EcoSave program?
6. What happens if the house sells before the energy retrofit on-bill financing loan is paid off?
7. Can the loan be paid in part or whole before the end of the term?
8. Who pays the energy retrofit contractor?
9. Can the Participant complete the energy retrofit work?
10. Can both a contractor and a Participant complete the energy retrofit work?
11. Can there be more than one energy retrofit contractor?
12. How is the credit approval determined?
13. What happens if there is a default on the loan?
14. Is there a time limit on completing the energy retrofits in order to qualify for on-bill financing?
15. Do I have to complete a home energy evaluation in order to apply for energy retrofit on-bill financing?
16. How do I apply?