On-Bill Financing Program

City of Nelson

On-bill financing is a low-interest loan for home energy upgrades or electric bicycles. The loan is repaid on your Nelson Hydro electric bill. To qualify for an E-Bike or Energy Retrofit loan through your Nelson Hydro bill, the Loan Applicant must:

  1. own and live in the home within the City of Nelson.
  2. be enrolled in pre-authorized direct withdrawal payment for their residential Nelson Hydro electric bill.
    • Note: if you are not currently enrolled in a pre-authorized payment plan (i.e. direct withdrawal), please work with a Customer Service Representative in person at City Hall or contact hydroclerk@nelson.ca to enroll.
  3. have their Nelson Hydro, Property Tax, and Other Utility residential accounts in good standing for up to 2 years.
  4.  have two years of credit history, either with Nelson Hydro or another utility.
  5.  have all persons listed on the residential land title authorize the loan.
  6.  not be a commercial account or property.

Loans up to a maximum of $8,000.00 per household are available for an E-Bike. Loans up to a maximum of $16,000 per household are available for Energy Retrofits. Please read the Loan Terms & Conditions.

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For Nelson Hydro customers who reside outside city limits, please contact the EcoSave Program Manager for low-interest financing information that is available through our program partner at the Nelson & District Credit Union.

  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?
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