Ontario is launching a comprehensive set of energy efficiency programs designed to assist homeowners in reducing renovation costs and promoting sustainability. The initiatives, fueled by a $10.9 billion investment, cover a wide range of upgrades, from windows and insulation to solar panels and smart thermostats. The province aims to make energy-efficient renovations more accessible and affordable, ultimately reducing peak demand and saving ratepayers money.
Ontario has unveiled initiatives aimed at assisting homeowners in reducing expenses associated with home renovations and improvements. The province has pledged billions of dollars over the next 12 years to launch new energy efficiency programs, including the newly introduced Home Renovation Savings Program, designed to help families and businesses save money. These programs are part of a larger $10.
9 billion, 12-year investment in energy efficiency, the largest in Canadian history, as stated in a Queen's Park news release.Stephen Lecce, Ontario Minister of Energy and Electrification, emphasized the growing demand for electricity and highlighted the government's efforts to provide families and small businesses with more ways to conserve both money and energy through the launch of the largest energy efficiency program in Canadian history. He stated that the new Ontario Home Renovation Savings Program will directly benefit homeowners by covering up to 30 percent of the renovation costs.The Ontario Home Renovation Savings Program, scheduled to launch on January 28, will offer rebates of up to 30 percent for home energy efficiency renovations and improvements. Eligible upgrades include new windows, doors, insulation, air sealing, smart thermostats, and heat pumps, as well as rooftop solar panels and battery storage systems for individuals who wish to generate and store energy at home. Later in 2025, the program will expand to encompass rebates for energy-efficient appliances, such as refrigerators and freezers. The government's Affordable Energy Act, which came into effect on December 4, ensures that the new Home Renovation Savings Program and other offerings will be accessible to homeowners who heat their homes with propane and oil. This removes the previous restriction that limited eligibility to those who heated with electricity.Well-known home renovation television host Mike Holmes expressed his satisfaction with the plan. He stated that for 20 years, he has advocated on his television shows for smart investments in homes and businesses, prioritizing energy efficiency in any renovation or retrofit. Holmes, who is also the founder and president of the Holmes Group, believes the Ontario Home Renovation Savings Program will make these investments more accessible, affordable, and contribute to the province's future energy sustainability and planning efforts. He encourages all Ontarians to learn more about the program's benefits and utilize it to reduce their energy costs both now and in the future.The province also announced the expansion of the popular Peak Perks initiative with a new program specifically targeting small businesses, including convenience stores and restaurants. Businesses will receive a financial incentive of $75 upon initial enrollment in the program and $20 per year for each eligible smart thermostat connected to a central air conditioning system or heat pump unit.In addition to the two new energy efficiency programs, the province stated its continued support for 12 Save on Energy programs, including the highly successful Retrofit Program for businesses. These programs also cater to low-income households, businesses, municipalities, institutions, the agricultural sector, industry, and on-reserve First Nations communities.The government anticipates that these investments will yield substantial returns in the coming years, leading to greater electrical efficiency in Ontario. The news release projects that by 2036, the expansion of energy efficiency programs will reduce the province's peak demand by 3,000 MW – equivalent to removing three million homes from the grid. The $10.9 billion investment is estimated to result in $23.1 billion in electricity system benefits, ultimately saving ratepayers $12.2 billion in electricity system costs by avoiding the need to build new generation capacity
ENERGY EFFICIENCY HOME RENOVATIONS ONTARIO GOVERNMENT PROGRAMS SAVINGS RENEWABLE ENERGY SMART THERMOSTATS CLIMATE CHANGE
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