Interest-free loans would pay for green upgrades: NDP

Alberta’s NDP thinks they’ve found a way to get more homeowners and business to go green.

NDP leader Rachel Notley has announced her party’s plan to launch a program of interest-free loans for environmental upgrades, if the NDP forms government in the May 5 election. The NDP would invest $5 million a year to offer interest-free loans of up to $10,000 to Albertans wanting to put in energy efficient retrofits to their homes and businesses.

“Albertans are ready to be energy efficiency leaders,” says Notley in a news release. “But the PCs have left families and businesses with high costs and big hurdles to going green. Under the NDP plan, we will help Albertans save energy by making green upgrades more affordable for their homes and businesses. By offering interest-free loans for green upgrades, the NDP plan provides real support for families and small businesses to save money on their energy bills. Our plan will also stimulate construction jobs.”

The green upgrades would include new windows and doors, solar panels, or new furnaces. The NDP plan is modelled on a similar one in Nova Scotia.

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