Jul. 8, 2022
Canada Invests In Toronto Home Retrofit Program
The government of Canada, via Natural Resources Canada and the Federation of Canadian Municipalities (FCM), has committed a $14.5 million investment through the Community Efficiency Financing initiative to help recapitalize a home energy retrofit financing program in the City of Toronto, ON. The investment intends to help Canadians upgrade their homes to be more energy-efficient, helps them save on their monthly bills, fights climate change, and creates jobs. The government says home retrofits are a critical piece of its ambitious climate plans. One of the major contributors to this effort is the City of Toronto’s Home Energy Loan Program (HELP), which has completed 245 retrofit projects with 18 more currently underway. HELP was launched in 2014 as the first Property Assessed Clean Energy (PACE) program in Ontario. This funding will support enhancements to HELP so the program will better support energy efficiency and decarbonization of houses in Toronto, while growing the model nationally.