The government of Ontario is introducing two new energy efficiency programs to help reduce energy consumption and costs for homeowners and small businesses. The Home Renovation Savings Program will rebate up to 30% of the cost of energy-efficient home renovations, such as new windows, doors, insulation, and solar panels. The program will also cover costs of smart thermostats and heat pumps. For small businesses, the Peak Perks program will offer a $75 virtual credit card for each eligible smart thermostat and $20 for each additional year in the program. Energy Minister Stephen Lecce said the program will lead to both upfront and long-term savings for Ontarians. The initiative is expected to cost around $60 million annually for the first few years, compared to an average annual budget of $342 million over the past 13 years. The new programs are intended to help mitigate the demand on the power grid, which is expected to see a sharp rise in demand over the next few decades.
Ontario to Offer Incentives for Residents to Power Their Homes with Eco-Friendly Upgrades and Renovations
