“As the demand for electricity continues to rise, we’re giving families and small businesses more ways to save money and energy as we launch the largest energy efficiency program in Canadian history,” said Stephen Lecce, Minister of Energy and Electrification.
The new Home Renovation Savings Program will launch on Jan. 28, 2025, and offer rebates of up to 30% for home energy efficiency renovations and improvements, including new windows, doors, insulation, air sealing, smart thermostats, and heat pumps, as well as rooftop solar panels and battery storage systems for people who want to generate and store energy at home. Later in 2025, the program will expand to include rebates for energy efficient appliances, including refrigerators and freezers.
The government’s Affordable Energy Act, which came into force on Dec. 4, 2024, ensures the new Home Renovation Savings Program, and other program offerings, will be expanded to homeowners who heat their homes by propane and oil, instead of being restricted to those who heat with electricity, as it was under previous governments.
The province is also expanding the popular Peak Perks program with a new program specifically targeted to 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 will continue to support 12 Save on Energy programs, including the highly popular Retrofit Program for business, as well as other programs geared to low-income households, businesses, municipalities, institutions, the agricultural sector, industry and on-reserve First Nations communities.
By 2036, it is forecasted that this expansion of energy efficiency programs will reduce the province’s peak demand by 3,000 MW – the equivalent of taking three million homes off the grid. The province’s $10.9 billion investment is also estimated to result in $23.1 billion in electricity system benefits, thereby saving ratepayers $12.2 billion in electricity system costs by avoiding the build out of new generation.
“Our new 12-year energy efficiency framework puts families and businesses at the forefront of Ontario’s energy strategy,” said Sam Oosterhoff, Associate Minister of Energy-Intensive Industries.
Expanding energy efficiency programs to save families money is just one way the government is meeting the province’s rapidly growing demand for electricity. Ontario’s Affordable Energy Future: The Pressing Case for More Power outlines the challenges facing the province as demand for electricity continues to rapidly grow, as well as the government’s all-of-the-above approach to meet this demand, including:
Energy Planning – Developing the province’s first integrated energy plan, including all energy resources, including electricity, natural gas, and other fuels to ensure the province’s energy needs are met in a coordinated and long-term manner.
Nuclear Energy – Advancing clean, reliable, and affordable nuclear power through pre-development work at Bruce Power on the province’s first large-scale nuclear build in 30 years, four small modular reactors at Darlington and supporting OPG’s plan for refurbishing the Pickering Nuclear Generation Station.
New Transmission Infrastructure – Designating and prioritizing transmission lines in Southwestern, Northeastern and Eastern Ontario that will power job creators, including EV and EV battery manufacturing and clean steel production.
Additional Competitive Procurements – Launching the largest competitive procurement of clean energy resources in the province’s history in addition to successfully re-contracting existing capacity resources at about a 30 per cent discount.
