BOWMANVILLE, Ont. — Ontario New Democrats are promising grants and interest-free loans for people to make energy efficient upgrades in their homes that can help lower their utility bills.
NDP Leader Andrea Horwath says it’s a way to both fight the climate crisis and help families afford everyday life.
An NDP government would offer people grants of $7,000 to $11,000 for the household upgrades such as heat pumps, high-efficiency electric water heaters, efficient windows, insulation, deep energy retrofits and energy efficiency assessments.
For any costs over the amount of that grant, the NDP say they would offer zero-interest financing that people would pay off over time through their hydro bill.
The NDP say that for heating alone, a new heat pump system can reduce home energy consumption by an average of 61 per cent.
The party’s climate plan commits $40 billion over four years for measures such as a retrofit program for public, residential and commercial buildings, electrifying transit, and an electric vehicle strategy.