When the federal government rolled out its Greener Homes Grant in the final month of 2020, it was expected to last at least four years. And yet, just a month into this year, the grant was abruptly shut down amid “skyrocketing” applications. In the last few months alone, hundreds of thousands of Canadians have mobilized to make their homes more efficient.
What’s more, energy efficiency offers an elegant solution to Canada’s power planning challenges. With demand for electricity set to more than double by 2050, it's easy to forget that the cheapest power plant is the one that doesn’t have to be built, and the lowest-emission energy is the energy that isn’t used. One study found that Ontario could save $9.5-billion by maximizing energy efficiency instead of relying more heavily on natural gas power plants.
Source: Real Estate Daily Report (realestatedailyreport.net)
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