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How does EIP work?

April 26, 2017EIP

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How does EIP work?

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Property owners apply for the program, describing the energy improvement(s) they wish to make. If the application is approved, the city and the property owner enter into an assessment contract, through which the city pays the up-front cost of the improvements. The city places an assessment lien on the property, and the property owner repays the city for the improvements as an assessment on his/her property tax bill over a 10,15, or 20 year period.