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On November 28, the Independent Electricity System Operator (IESO) announced that it will be introducing a suite of new consumer rebates for homeowners, to be funded by the Green Ontario Fund (GreenON).  The Green Ontario Fund (GreenON) is a not-for-profit provincial agency that invests proceeds from Ontario’s carbon market into climate actions that help people and businesses reduce greenhouse gas emissions and use cleaner technology to power their homes and workplaces.

The Low Carbon Technology Incentives program is designed to encourage homeowners to invest in building envelope and HVAC upgrades.  The primary focus will be on existing detached, semi-detached, and row town houses with rebate values covering 50-75% of the installed costs.  Measures include insulation for exterior walls, attics and basements, air sealing, windows (ENERGY STAR® Most Efficient) and heat pumps—air source and ground source.

Rebates for air source heat pumps will range from $1,900 for ductless air source heat pumps to $5,500 for ducted cold climate units.  Rebates for geothermal systems will be $2,000 per loop ton for horizontal loop systems and $3,000 per loop ton for vertical loop systems, with additional incentives for adding desuperheaters ($750), domestic water heating ($1,500) and for systems that exceed a COP of 4.0 (an additional $1,500).  Rebates for geothermal will be capped at $15,000 for horizontal systems and $20,000 for vertical loop systems.  Additional rebates of $750 per loop ton will be available for replacing existing geothermal heat pumps for more efficient systems.

Contractor registration for the program will be administered by HRAI, and will build upon the existing Save on Energy Heating and Cooling Incentive Program contractor database and management processes.  There will be specific training and certification requirements for contractors to be registered to offer each of the different program measures.

The program will be announced officially to the public on December 5th.  Contractors may register with the program immediately by accessing the website: Register online today.

For more information, contact Amy Eakins with the IESO at Amy.Eakins@ieso.ca, or visit the Green Ontario Fund booth (#1625) at PM Expo/Construct Canada at the Metro Toronto Convention Centre between November 29 and December 1.