Kelowna residents may one day be able to finance costly retrofits of their heating and cooling infrastructure through their property taxes. Council has directed staff to research whether certain home improvements such as converting to solar or geothermal energy could be repaid over 10 or 20 years, much like a sewer project. Council agreed to take a look at the idea after Coun. Angela Reid said it was being considered for renewable energy projects by other municipalities elsewhere in the province. Reid said later that such a mechanism would allow homeowners to make major expenditures on renewable energy technology and attach the financing to the home instead of their person. "When they sell the home, the financing of that project goes with the home and is paid with the property tax, says Reid."
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