THUNDER BAY — The Ontario government announced a new program on Friday, that will help families save money.
The program is a part of a new $10.9 billion, 12-year investment in energy efficiency, marking it the largest such commitment in Canada’s history, said Thunder Bay-Atikokan MPP Kevin Holland.
“The demand for electricity in Ontario is rapidly growing, driven by population growth, increased industrial activity and new technologies,” said Holland.
He said the rapid growth and demand represents both challenges and opportunities.
The Home Renovation Savings Program, which will launch on Jan. 28, offers rebates of up to 30 per cent for home energy efficiency renovations and improvements, including $600 for a home energy assessment, $100 per new window and door and up to $8,900 for insulation.
“Whether you’re looking to reduce your homes carbon footprint, lower your monthly energy bills or increase your home’s value, this program will put more money back into your pocket,” Holland said.
Later this year, the program will expand to include rebates for energy efficient appliances, like refrigerators and freezers.
The government’s Affordable Energy Act ensures the Home Renovation Savings Program, along with other program offers, will be expanded to homeowners with homes heated by propane and oil instead of being restricted to homeowners who heat with electricity.
“This expansion means no one is left behind as we transition to a more energy-efficient province,” Holland added.
It is estimated that by 2036, this expansion will reduce the province’s peak demand by 3,000 MW, which is the equivalent of taking three million homes off the grid.
The province is expanding the popular peak perks program with a new program targeted to small businesses. Businesses will receive a financial incentive of $75 upon initial enrolment in the program as well as $20 additional per year for each eligible smart thermostat connected to a central air conditioning system or heat pump unit.
The province’s $20.9 billion investment is forecasted to result in $23.1 billion in electricity system benefits, saving ratepayers $12.2 billion in electricity system costs.
“What we’re trying to do is reduce impact on the grid while saving you money,” said Stephen Lecce, Minister of Energy and Electrification.
Lecce said to utilize the program, visit saveonenergy.ca, upload receipts and you’ll get a reimbursement within 60 days.
