The Home Renovation Savings Program is an Ontario home renovation rebate program that offers rebates of up to 30 per cent for home energy efficiency renovations and improvements.
This program marks an improvement over previous offerings, as it now includes homeowners who use electricity, natural gas, propane and oil heating systems, expanding the scope for savings.
The financial rewards of participating in this program are substantial. Homeowners can take advantage of various rebates depending on the types of improvements made. Here’s a closer look at the rebates you can earn:
Home Energy Assessment: A rebate of $600 is available after a thorough home energy assessment.
Insulation: Upgrading your insulation can earn rebates of up to $8,900, significantly improving your home’s energy efficiency.
Windows and Doors: Homeowners can receive $100 for each qualified window or door they install, contributing to better insulation and energy savings.
Air Sealing: Homeowners could get up to $250 back for conducting necessary sealing work to prevent heat loss.
Heat Pump Water Heaters: Homeowners can receive $500 for eligible heat pump water heaters, providing efficient hot water solutions.
Cold Climate Air Source Heat Pumps: Homeowners can receive up to $7,500 for cold climate air source heat pumps, providing efficient home heating.
Ground Source Heat Pump: Homeowners can receive up to $12,000 for ground source heat pumps, providing efficient home heating.
Smart Thermostats: Homeowners can receive up to $75 for smart thermostats.
Solar Panels and Battery Storage: Homeowners can receive up to $10,000 for solar panels and battery storage.
These rebates are designed to motivate homeowners to undertake multiple upgrades, ultimately enhancing comfort and energy savings.
The rebates can also be paired with the Canada Green Home Loan, where homeowners can get a 0% interest loan up to $40,000 for the same upgrades offered through the Home Renovation Savings Program.
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