TREB Urges Provincial Government to Bring Back Retrofit Rebates

It is election season in several provinces, and Realtors in Toronto are using this opportunity to encourage all political parties to consider rebates for consumers who invest money into their homes in an effort to make them more energy efficient.

“Summer is coming to an end and winter will be here before we know it. Homeowners can help to keep their heating bills down by making sure that their homes are as energy efficient as possible. Unfortunately, the up-front costs of doing so can be costly. That's why REALTORS® want to see provincial rebates for energy efficiency upgrades reinstated," said Richard Silver, President of the Toronto Real Estate Board (TREB).

In this era of environmental urgency, it makes good sense for members of the industry, and homeowners alike to push this issue forward. It is a small investment now from the province to reap greater rewards in the future. What is lacking though for homeowners at the provincial level- is incentive to do so- beyond the satisfaction of assisting the environment.

Last Spring, governments at both the provincial and federal levels scrapped rebate programs that provided up to $10,000 to homeowners who retrofitted their homes.

Since then, the federal government has brought the rebates back- but the provincial government has not. As an election represents a good time to suggest change, TREB is throwing their two cents into the ring, in support of homeowners and Realtors across the province.

"Past federal and provincial rebate programs have been extremely successful. Over 90,000 home owners completed energy efficient retrofits to their properties with the assistance of those programs. The federal government has taken action to continue this success and now the provincial government should do the same. All of the provincial political parties should commit to reviving this program if elected this fall," said Silver.

"Not only do energy efficiency upgrades to homes benefit homeowners by helping them to keep their energy bills down, but they benefit all of us by helping to protect our natural environment and by reducing the strain on our energy producing facilities, which, in the long run, saves us all money," added Silver. "These kinds of Retrofit Rebates also go a long way to stimulate the economy by encouraging product purchases and job creation.”

Posted Sept. 26 2011 


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