As Canada’s commitment to a greener future continues to evolve, many homeowners are left wondering what’s next after the Canada Greener Homes Grant is gone. The program was launched to incentivize Canadians towards more energy-efficient homes. It has made significant strides but has recently closed its doors to new applications. What does this mean for homeowners looking to make their homes more sustainable and energy-efficient?
A Brief History of the Canada Greener Homes Grant
Introduced in December 2020, the Canada Greener Homes Grant became a cornerstone of Canada’s Green Buildings Strategy. With a mission to support over half a million Canadians by 2027, the initiative successfully assisted over 165,000 households in making energy-efficient upgrades, leading to an average savings of $386 per year on energy bills. This monumental program was not just about cost savings; it aimed to significantly reduce emissions and make energy costs more manageable for Canadians nationwide. As it transitions to a new phase, the focus shifts towards offering more accessible support, especially targeting households with low to median incomes.
The Transition and What Lies Ahead
Since the Greener Homes Grant is gone, the government is preparing to introduce a new phase of the Canada Greener Homes Initiative. This next step promises to build on the program’s success by making energy-saving support accessible to a broader range of Canadian families. The forthcoming phase is integral to the Canada Green Buildings Strategy, emphasizing energy and housing affordability.
In the meantime, the Canada Greener Homes Loan of up to $40k is still available. It is an interest-free loan and a great way to finance your solar project. The Zeno team can help you with the application process if you don’t know where to start.
Good News: the cost of solar has dropped and matches savings almost equivalent to having the grant!
The landscape of solar energy in Canada provides a complementary narrative to the government’s efforts in promoting sustainable home improvements. Over the past decade, the cost of installing solar panels has significantly decreased, from $8.50 per watt in 2009 to approximately $3.34 per watt in recent years which represents about a 40% decrease in price. This trend, technological advancements, and market expansion have made solar energy a viable option for many Canadians. The price drop matches savings almost equivalent to having the grant available. Finally, various provincial incentives and rebates have further encouraged homeowners to invest in solar energy, contributing to the overall carbon footprint reduction.
Conclusion
As we bid farewell to the initial phase of the Canada Greener Homes Grant, the horizon looks promising for Canadian homeowners, regardless of where they are based. The government’s commitment to sustainability and energy efficiency is unwavering, with new programs and initiatives to ensure that greener homes are within reach for more Canadians. The Canada Greener Homes Loan of up to $40k is still available, and thousands of Canadians plan to switch to solar this year to become energy independent. The solar energy sector’s growth and affordability signify a bright future for renewable energy in Canada, aligning with national goals for a more sustainable and energy-efficient society. Homeowners are encouraged to stay informed on upcoming programs and to continue exploring renewable energy options, like solar, as we collectively work towards a greener tomorrow.
Switch to solar energy now and be ready for high-production months. Get your solar system installed now while days are shorter. By the time your solar system is completed, you will reap the benefits of going solar right away through reduced energy bills from energy generated through the upcoming longer days. Fill in the form for a FREE quote today and see how much you can save and how much it costs!