Ottawa expands Greener Homes initiative
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Hey there, time traveller!
This article was published 07/02/2024 (589 days ago), so information in it may no longer be current.
The federal government is set to establish the next phase of the Canada Greener Homes Initiative to help more Canadians save on their energy bills.
The program, initiated three years ago, has helped more than 165,000 Canadians in upgrading their homes, resulting in an average annual energy bill savings of $386, according to the government.
Energy and Natural Resources Minister Jonathan Wilkinson said the next phase will offer supports that are more accessible to Canadian households with low to median incomes so that energy cost-savings are available to those who need them most.
“The enormous popularity of the first phase of the Canada Greener Homes Grant illustrates Canadians’ desire for their homes to be affordable, comfortable, and sustainable,” Wilkinson said. “As hundreds of thousands of Canadians continue to retrofit their homes with Government of Canada support, we are readying the next phase of the Canada Greener Homes Initiative to offer more accessible support to families across the country who need it most while continuing to take action on climate change.”
The next phase, he said, will complement the suite of federal government initiatives available to Canadians to upgrade their homes and reduce their bills, noting this includes the Canada Greener Homes Loan, which continues to provide interest-free loans of up to $40,000 to Canadians of all income levels to undertake home energy improvements.
“It also includes the Oil to Heat Pump Affordability program, which provides grants of up to $10,000 to low- to median-income oil-heated households across Canada who want to make the switch to a heat pump,” he said in a statement. “Under new OHPA enhancements announced in the fall of 2023, the federal government has increased these grants to $15,000 for Canadians living in co-delivery provinces that have stepped up with a minimum of $5,000.”
The federal government will also be providing a one-time payment of $250 to low- to median-income households in co-delivery jurisdictions when they are pre-approved to transition to a heat pump. Taken together, these enhanced OHPA grants help cover the average cost of a heat pump and will help those who make the switch save between $1,500 to $4,700 per year on their energy bills.
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