- The E-Bike program provides low-interest financing for Nelson homeowners who would like to purchase a commuter bike including electric bikes, do-it-yourself conversion kits, non-electric bikes and accessories that are related to safety and commuting (does not include clothing).
- The loan will be applied monthly on the home owner’s Nelson Hydro electric bill and repaid over the term of the loan.
- The maximum loan amount will be $8,000 per household, which can support the purchase of more than one bike. Participants will be able to choose an amortization period of two or five years, with an interest rate of 3.5% (subject to change each year).
- The program will be available to City of Nelson residents who own their own home.
How do I participate?
Step 1 - Submit Application
Step 2 - Loan Approval Process
Step 3 - Receive Funds / Repayment of the loan begins on your Nelson Hydro bill.
The City of Nelson encourages all E-Bike program participants to shop locally.
Here is a list of local bike vendors:
- The Sacred Ride - 213 Baker Street (Offering 15% off bike accessories)
- Gerick Cycle & Ski - 702 Baker Street (Offering 15% off bike accessories)
- Pedago Nelson - email@example.com
- Boomtown Sports - 510 Hall Street
Safety & Motor Vehicle Act Requirements for E-Bikes
It is the responsibility of the Participant to educate themselves and abide by the provincial and municipal legal requirements of operating an e-Bike (motor-assisted cycles). This includes but is not limited to the following Motor Vehicle Act requirements for e-Bikes:
- No individual under the age of 16 will operate such a bike;
- Bikes cannot travel faster than 32 km/h;
- A safety helmet must be worn.
Additional information regarding bicycle safety and relevant rules and regulation is available here.
- Why is Nelson offering this program?
- What is the process for accessing a loan for the E-Bike Program?
- How long does approval take?
- Who is this program for?
- Why are renters not eligible for this program?
- Why is this program only for City residents and not for Nelson Hydro customers outside the limits?