Ontario New Democrats pledge zero-interest grants and loans to cut energy costs

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Ontario NDP Leader Andrea Horwath with the party’s campaign bus

BOWMANVILLE – If elected, Andrea Horwath and the NDP will launch an interest-free loan and grant program that will reduce families’ energy bills, create jobs and help Ontario reduce emissions.

“We can reduce utility bills, and that will help ordinary families pay for daily living and help tackle the climate crisis,” Horwath said.

“Parents and grandparents want to give the next generation a cleaner, safer future – and they should be rewarded with lower bills, not stuck with the tab. This plan offers lower costs, a greener future and thousands of jobs.”

With Horwath’s plan:

  • Families will be able to get grants of $7,000 to $11,000 for energy-efficient home improvements.
  • For costs above the grant amount, Ontario will provide interest-free funding. It’s a stress-free, on-bill, interest-free financing program, so people pay it back over time through their electric bill.
  • Eligible upgrades include things like heat pumps, high-efficiency electric water heaters, efficient windows, insulation, deep energy retrofits, and energy efficiency assessments by licensed professionals.

Hydro bills soared under the Wynne and Del Duca Liberals, who sold Hydro One. Doug Ford claimed he would reduce them, but he actually increased them by 4.5% over Wynne’s electricity bills.

Canada is warming twice as fast as the rest of the world with fires, floods and tornadoes already threatening Ontario. The buildings sector is Ontario’s third largest source of greenhouse gas emissions, contributing 24% of all emissions.

Horwath said the NDP’s climate plan includes one of the largest retrofit programs in the world, with the goal of retrofitting at least five per cent of Ontario’s buildings a year to be more energy efficient, ensuring that new buildings meet international energy efficiency standards and support 175,000 families every year. year to make cost-effective green renovations to their own home.

The public, commercial and residential building renovation program will create 100,000 new well-paying jobs and add more than $15.2 billion to economic activity by 2030. It is estimated that every dollar invested in the conservation of energy generates $4 in economic activity.

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