Nearly $51 million in funding to help New Brunswickers save energy and money
May 28, 2018 — The governments of Canada and New Brunswick recently announced a federal investment of almost $51 million to help New Brunswickers make energy-efficient upgrades to their homes, businesses and industrial operations.
The investment is part of further energy efficiency investments in New Brunswick, which total $234 million.
The Government of Canada’s Low Carbon Economy Leadership Fund will support New Brunswick Power’s Total Home Energy Savings Program, as well as programs for commercial and industrial energy efficiency. These programs help cover the cost of home, commercial and industrial efficiency retrofits across the province.
The Total Home Energy Savings Program will help homeowners with energy efficiency changes such as better insulation, home heating systems, heat-recovery ventilators, windows, doors, water heaters, drain-water heat recovery and renewable energy systems. Any homeowner can participate in the program, regardless of the type of heating they have in their homes.
The Government of Canada is also supporting New Brunswick Power in expanding programming to homeowners that heat their home with oil.
The program for commercial buildings will help business owners save energy, money and make energy-efficient retrofits in commercial buildings.
The New Brunswick Power Energy Smart Industrial Program will provide financial incentives to industries to improve energy efficiency in their operations, which will reduce energy consumption and save on costs.
“We are very pleased that such comprehensive programs are being led by the efficiency team at NB Power,” said Roger Melanson, New Brunswick’s president of the treasury board. “These incentives will help homeowners and businesses reach their energy savings goals while reducing our greenhouse gas emissions, help our industry remain competitive and relieving pressure on energy-generation needs.”
Additionally, New Brunswick Power is investing up to $82 million over the next five years into programs for homeowners, businesses and industries to support a range of projects, including rebates and programs to help their customers. New Brunswick will invest $101 million toward retrofitting government buildings.
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