July 8th - 2009

Government implements OREA recommendation on retrofit rebates

The Government of Ontario has adopted an OREA 2009 pre-budget recommendation, increasing the amount of funding available to Ontario homeowners for home energy retrofit rebates under the Home Energy Savings Program.

The Government of Ontario has adopted an OREA 2009 pre-budget recommendation, increasing the amount of funding available to Ontario homeowners for home energy retrofit rebates under the Home Energy Savings Program.

The new improvements will increase rebates by 25 per cent for changes like fixing insulation in ceilings, foundations, basements, and crawl spaces as well as upgrading leaky windows and doors.

Additional examples of program enhancements include:

Provincial funding for solar domestic hot water systems is increasing to $1250, up from $500
Home energy audits will soon be transferrable, allowing new homeowners to take advantage of retrofit energy audit rebates done by the previous owner.
To read OREA’s 2009 pre-budget submission click, go to: http://www.orea.com/index.cfm/ci_id/12662.htm.

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For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Senior Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246

Ontario Real Estate Association
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