Ontario to offer ‘on-bill’ financing for energy-efficient renovations
The Spec, December 2, 2013TORONTO Consumers will get an extra incentive to do energy-efficient renovations on their homes under a new conservation program in Ontario’s latest long-term energy plan.
Upfront financing will be provided, with homeowners paying it back over time on their utility bills, increasing the value of their properties while helping to cut pollution and save energy, said sources familiar with the plan to be unveiled Monday by Energy Minister Bob Chiarelli.
The “on-bill financing,” which will begin in 2015, could include retrofits such as new windows or increasing attic insulation.