Oakville, Burlington receive funds from feds for feasibility study on home energy programs
Published August 5, 2021 at 8:10 pm
Oakville Enterprises Corporation (OAC) and The City of Burlington are both receiving funds from the federal government as part of a $1.8 million investment to remove barriers for cost-saving home energy retrofits in Ontario.
An unregulated arm of Oakville Hydro, wholly owned by the Town of Oakville, OAC is receiving $70,000 to complete a feasibility study on a home energy retrofit financing program in partnership with the Town.
The City of Burlington is also conducting a feasibility study on a home energy retrofit financing program and will be receiving $100,000 investment.
The investments are from the Federation of Canadian Municipalities’ (FCM) Green Municipal Fund, which aims to help reduce the greenhouse emissions and drive cost savings in the province.
“Improvements in energy efficiency are our hidden fuel – they help us exceed our climate goals,” said Seamus O’Regan Jr., Minister of Natural Resources. “These local green solutions create jobs, lower emissions and build a more prosperous and sustainable economy for everyone.
“This is how we get to net-zero by 2050.”
Several municipalities across the province will receive up to $175,000 to design or conduct feasibility studies on implementing home energy efficiency retrofit financing programs in their communities.
Some of the other municipalities receiving funding include Peterborough ($175,000), Windsor ($175,000), Brampton ($175,000), Newmarket ($133,700) and Thunder Bay ($116,800).
“Canadians want new ways to make their home energy efficient and affordable,” said Joanne Vanderheyden, President, Federation of Canadian Municipalities. FCM’s Green Municipal Fund (GMF) can enable more local action, right in their homes, and help achieve Canada’s climate change goals.
“GMF is empowering municipalities, big and small, to get results on the ground. (Wednesday’s) announcement helps communities build better lives for Canadians with more energy-efficient homes.”insauga's Editorial Standards and Policies