If you live in Ontario and have been thinking of renovating your home to be more energy efficient or more appealing to future prospective buyers, you’re in luck!
The Government of Ontario has announced a new program for homeowners, where they can receive a rebate if they undergo an energy audit and then follow through on recommended renovations to improve their home’s energy efficiency. Energy efficient features are a big driver for buyers, and having an energy efficient home and increase your home’s value.
In recent years, the Government of Ontario has had several rebate programs for homeowners that encouraged green retrofits in exchange for rebates, including the Ontario Home Energy Savings Program, which gave Homeowners up to $5,000 when they underwent an energy audit and made recommended renovations.
“Today’s announcement is good news for Ontario home owners,” said the president of the Ontario Real Estate Association, Patricia Verge, in a statement. “Rebates are a great way to help consumers make green decisions when it comes to home retrofits or renovations. The housing sector has an important role to play in helping Ontario reduce green house has emissions. This new program will help improve the energy efficiency of Ontario’s housing stock. It will also help spur innovation and create jobs in clean energy industries.”
Ettore Cardarelli, the chair of the Ontario Real Estate Association’s Government Relations Committee, said that, “According to our research, three quarters of home buyers make an inspection a condition of purchase. Inserting an audit into a voluntary home inspection would give buyers important information about the property along with recommendations for how the new owner can improve energy efficiency of their home.”