No New Applications After March 2024 in Saskatchewan
End of the Road for Canada’s Greener Homes Grant: No New Applications After March 2024 in Saskatchewan
Saskatoon, Saskatchewan – 26.01.2024 – The Canadian government’s ambitious Greener Homes grant program, which has been a significant catalyst in driving sustainable home improvements across Saskatchewan, is set to stop accepting new applications from March 2024. This decision comes as the program reaches a landmark success, with applications soaring beyond initial expectations.
Initiated in May 2021, this $2.6 billion initiative was designed as a seven-year program to encourage homeowners to adopt energy-efficient upgrades they might not have considered otherwise. Within just the first seven months, applications accounted for a staggering 25% of the total grants projected, signaling a high level of engagement from homeowners.
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- The Greener Homes grant aimed to facilitate homeowners in retrofitting their residences with energy-efficient features such as upgraded windows, doors, and insulation, as well as transitioning to electric heat pumps and installing solar panels.
- To be eligible for the grant, homeowners had to undergo evaluations both before and after their retrofit projects.
- The grants offered varied from $125 to $5,000, depending on the nature and scope of the retrofitting work.
While the window for new applications is closing, the process of completing existing applications and disbursing grants is anticipated to extend over the next year or more.
Long-term Impact and Future Opportunities:
The program’s primary objective was to retrofit 700,000 homes across Canada, contributing significantly to energy efficiency, reducing carbon emissions, and aligning with the Canadian government’s 2030 Climate Change Commitment and the goal of achieving net-zero greenhouse gas emissions.
As the Greener Homes grant winds down, homeowners still have the opportunity to make a difference. Canadian citizens can avail themselves of 10-year, interest-free loans up to $40,000 for eligible retrofits, ensuring the continuation of sustainable and energy-efficient home improvements.
Energy Werx Saskatchewan