Image

New rebate to encourage buyers to Go Green

Green.jpg

For anyone looking to make your home more energy efficient, you’re in luck. The Government of Ontario recently announced the creation of a new program to help Ontarians improve the energy efficiency of their homes.
The province is investing $100 million from the Ontario Green Investment Fund to provide rebates for homeowners who conduct an energy audit on their property and then complete retrofits recommended by the auditor.

According to the Ontario Real Estate Association (OREA), offering rebates has been a great way to help consumers make green decisions when it comes to home retrofits or renovations. Between 2007 and 2011, the province administered the Ontario Home Energy Savings Program (HESP), which provided homeowners with up to $150 towards the cost of a pre-retrofit energy audit, and rebates of up to $5,000 for retrofits. This program helped over 428,000 homeowners complete energy audits and 380,000 to complete retrofits.
OREA has been a strong advocate for provincial funding to help homeowners improve the energy efficiency of their properties. Most recently, OREA made new rebates a central recommendation to the Standing Committee on Finance and Economic Affairs during the committee’s pre-budget consultations. The association’s two-pronged recommendation for helping homeowners reduce energy consumption also includes inserting an energy audit into a standard home inspection.
“According to our research, three quarters of home buyers make an inspection a condition of purchase,” said Ettore Cardarelli, Chair of OREA’s Government Relations Committee. “Inserting an audit into a voluntary home inspection would give buyers important information about the property along with recommendations for how the new owner can improve energy efficiency of their home.”
For more information, visit Ontario Green Investment Fund.

Jennifer Birch

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s