Home » Federal Budget 19th April 2021

Federal Budget 19th April 2021

Building Green Homes and Communities

In a nutshell: Incentive program starts in the summer with up to $5000 in grants per home. Homeowners will be able to borrow up to $40,000 interest free for retrofit costs and other items, details forthcoming.

5.4 Building Green Homes and Communities
The energy used to heat and cool buildings accounts for 13 per cent of
Canada’s emissions. Helping make our homes and other buildings in our
communities more energy efficient not only lowers our emissions, it lowers our
energy bills, too.
It is important to enhance Canada’s supply and production of the materials we
need to build and power highly efficient and low-emitting homes and
A Healthy Environment for a Healthy Economy
Investments in upgrading our buildings will also create good, local jobs,
including for tradespeople and skilled workers.
Building greener communities can support a clean economy and create new
economic opportunities and good middle class jobs across the country.
Lower Home Energy Bills Through Interest-free Loans
for Retrofits

Climate action starts at home, and deep home energy retrofits can have a big
effect on emissions reduction. Whether people replace drafty windows, improve
insulation to keep homes warm in winter and cool in summer, or install heat
pumps, deep retrofits will help Canadians make their homes more energy
efficient and can also help to better protect their homes from climate risks.
Examples of deep retrofits to make our homes greener
 Replacing oil furnaces or low-efficiency systems with a high efficiency
furnace, air source heat pump, or geothermal heat pump.
 Better wall or basement insulation and/or wall or roof panels.
 Installing a high-efficiency water heater or on-site renewable energy like
solar panels.
 Replacing drafty windows and doors.
These retrofits also make our homes more comfortable, reduce our energy bills,
and create good middle class jobs, especially for skilled workers and
tradespeople. Furthermore, it can also help spur clean growth by developing an
industry for energy efficient retrofits, including the development of a Canadian
supply chain for high-efficiency home renovation products.
The 2020 Fall Economic Statement put forward a program to provide Canadians
with one million free energy audits and up to 700,000 grants, valued at up to
$5,000, to complete energy efficient home improvements. To help homeowners
and build on these measures:
Budget 2021 proposes to provide $4.4 billion on a cash basis ($778.7 million
on an accrual basis over five years, starting in 2021-22, with $414.1 million in
future years) to the Canada Mortgage and Housing Corporation (CMHC) to
help homeowners complete deep home retrofits through interest-free loans
worth up to $40,000. Loans would be available to homeowners and landlords
who undertake retrofits identified through an authorized EnerGuide energy
assessment. In combination with available grants announced in the Fall
Economic Statement, this would help eligible participants make deeper,
more costly retrofits that have the biggest impact in reducing a home’s
environmental footprint and energy bills. This program will also include a
dedicated stream of funding to support low-income homeowners and rental
properties serving low-income renters including cooperatives and not-for profit
owned housing.
The program would be available by summer 2021. It would be easily accessible
through straightforward online tools, and is expected to help build Canadian
supply chains for energy efficient products. It is estimated that more than
200,000 households would take advantage of this opportunity.

Leave a Comment

Your email address will not be published. Required fields are marked *