Horizon Utilities presents $1.6 million incentive for CityHousing Hamilton
September 25, 2015 - Horizon Utilities recently presented CityHousing Hamilton with a $1.6 million cheque, made possible through the Independent Electricity System Operator’s (IESO) saveONenergy program which encourages municipal, commercial and industrial customers to implement projects that will use electricity more efficiently while reducing energy costs and emissions.
September 25, 2015 By Renée Francoeur
CityHousing Hamilton said it undertook several energy retrofit projects across eight of its multifamily buildings. The efforts included new air handling units, solar air heating, insulation and efficient lighting.
As a result of these measures, CityHousing Hamilton said it expects to see savings of more than $2.7 million over the lifespan of the new equipment. The expected reduction in electricity use would be equivalent to powering more than 100 homes per year, it added. In addition, the corporation said it will reduce its carbon dioxide emissions by 243 tonnes annually, or the equivalent of removing 70 cars from Ontario’s roads for a year.
“Horizon Utilities is proud to contribute to the long-term sustainability of our community and the environment,” said Max Cananzi, president & CEO, Horizon Utilities. “Energy conservation and sustainable development are at the heart of everything we do. Using the expertise and incentives that Horizon Utilities offers to reduce energy use and save money in our communities is a true benefit to all of us.”
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