STOCK TITAN

Enhanced Energy Efficiency Rebates Now Available Through New Agreement Between Enbridge Gas and the Canada Greener Homes Grant

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Enbridge Gas Inc., in collaboration with Natural Resources Canada and the province of Ontario, has launched a co-delivery model for the Canada Greener Homes Grant through the enhanced Home Efficiency Rebate Plus (HER+) program. This initiative allows eligible Ontarians to access grants up to $5,000, with Enbridge Gas providing an additional $5,000 for a total of $10,000 in rebates for home improvements aimed at optimizing energy efficiency. The program also helps reduce greenhouse gas emissions and is expected to save residents on utility bills, promoting sustainable and climate-resilient communities.

Positive
  • Launch of co-delivery model for Canada Greener Homes Grant increases accessibility for Ontarians.
  • Eligible homeowners can receive total rebates of up to $10,000, enhancing energy efficiency and saving on utility costs.
  • The initiative is expected to contribute to significant greenhouse gas emissions reductions, aligning with national climate goals.
Negative
  • None.

TORONTO, ON / ACCESSWIRE / January 26, 2023 / Enbridge Gas Inc. (Enbridge Gas), along with Natural Resources Canada (NRCan) and the province of Ontario, announced the official launch for the co-delivery of the Canada Greener Homes Grant through a single window to all eligible Ontarians via Enbridge Gas' enhanced Home Efficiency Rebate Plus (HER+) program.

Ontarians are encouraged to visit the website for program details, eligibility criteria, and to learn how to apply.

Through the HER+ program, rebates are provided towards the cost of eligible retrofits such as home insulation, windows, doors, and renewable energy systems as a comprehensive offer to help Ontarians optimize energy savings in their homes.

Eligible Ontarians can receive Canada Greener Homes grants of up to $5,000 and current Enbridge Gas customers, who are eligible, can apply for up to $5,000 more funded by Enbridge Gas, for a combined total of up to $10,000. Additionally, participants can offset the cost of their EnerGuide home assessment with a rebate of up to $600.

With building heat being one of the top three sources of greenhouse gas (GHG) emissions in Ontario, this agreement will contribute to the national efforts to reduce emissions across the building sector while saving residents money on their utility bill and ensuring more climate-resilient communities for generations to come.

The Government of Ontario recommended Enbridge Gas to the Government of Canada as the co-delivery partner for the Canada Greener Homes Grant in the province. This collaboration will enable more efficient program delivery for Ontarians, as Enbridge Gas serves more than 75 percent of provincial residents. In doing so, the Province of Ontario joins Quebec and Nova Scotia who already have co-delivery agreements to deliver the Canada Greener Homes Grant.

Since 1995, through previous conservation programs with residential, commercial and industrial customers, Enbridge Gas has saved its customers 30 billion lifetime cubic meters of natural gas and 56 million tonnes of GHG emissions. That's roughly equivalent to removing more than 12 million cars off the road or heating over 13 million natural gas homes, every single year.

Quick Facts

  • The Canada Greener Homes Initiative will deliver up to 1.5 megatonnes in emissions reduction annually by 2026 and is expected to generate over 110,000 direct and indirect jobs across Canada, building on the more than 436,000 direct jobs the energy efficiency sector accounted for in 2018.
  • As of January 11, 2023 the Canada Greener Homes Initiative has issued $132 million in grants to more than 33,000 homeowners, including more than $14 million to almost 5,400 homeowners in Quebec and Nova Scotia, and approved more than 7,625 loans nationwide.
  • As of May 1, 2019, Enbridge Gas' Home Energy Conservation (HEC) and Home Reno Rebate (HRR) merged to become the Home Efficiency Rebate (HER) program. Since, Enbridge Gas has provided rebates to more than 80,000 customers.

"Enbridge Gas strongly champions conservation efforts, and believes that maximizing energy efficiency is essential to achieving our collective national goal of reaching net zero energy-related emissions by 2050. The enhanced HER+ program is an excellent example of governments and utilities working together to deliver programs that are complementary and coordinated in order to streamline processes and maximize benefits to participants."

- Michele Harradence, President, Enbridge Gas Inc.

"This announcement represents a step forward in reducing emissions, reducing utility bills and creating sustainable jobs in Ontario. The delivery of the Greener Homes Grant in Ontario with Enbridge Gas takes advantage of existing infrastructure to rapidly deploy cost- and climate-saving retrofits across the province while simplifying the process for residents."

- Jonathan Wilkinson, Canada's Minister of Natural Resources

"Energy conservation is an important part of Ontario's plan to build a cleaner, greener Ontario. By bringing together Ontario's natural gas conservation programs, delivered by Enbridge Gas, and the federal government's Greener Homes Initiative we are providing families with access to increased financial supports that will help them reduce their energy costs and emissions. This builds on our recent announcement that Ontario was increasing funding for the province's electricity energy-efficiency programs by $342 million."

- Todd Smith, Ontario's Minister of Energy

About Enbridge Gas Inc.
Enbridge Gas is Canada's largest natural gas storage, transmission and distribution company based in Ontario, with over 170 years of service to customers. The distribution business provides safe, affordable, reliable energy to about 3.8 million customers and is leading the transition to a clean energy future through net-zero emissions targets and investments in innovative low-carbon energy solutions. The storage and transmission business offers a variety of storage and transportation services to customers at the Dawn Hub, the largest integrated underground storage facility in Canada and one of the largest in North America. Enbridge Gas is owned by Enbridge (ENB), a Canadian-based leader in energy transportation and distribution. Learn more at enbridgegas.com.

About the Canada Greener Homes Initiative
The Canada Greener Homes Initiative provides grants and a loan for home evaluations and for retrofits. The eligible retrofits include home insulation, windows and doors, air sealing, and mechanical and renewable energy systems. By making home retrofits, you will help Canada meet its 2030 climate change commitments and significantly contribute to Canada's goal of achieving net-zero greenhouse gas emissions by 2050. For homeowners, it means a more comfortable home, a more affordable home, and a healthier planet.

Media contacts: Krista Luxton, External Communications, Enbridge Gas Inc., enbridgegasmedia@enbridge.com; Natural Resources Canada, Media Relations, 343-292-6100, media@NRCan-RNCcan.gc.ca; Keean Nembhard, Press Secretary, Office of the Minister of Natural Resources, 613-323-7892, keean.nembhard@NRCan-RNCan.gc.ca

View additional multimedia and more ESG storytelling from Enbridge on 3blmedia.com.

Contact Info:
Spokesperson: Enbridge
Website: https://www.3blmedia.com/profiles/enbridge
Email: info@3blmedia.com

SOURCE: Enbridge



View source version on accesswire.com:
https://www.accesswire.com/736947/Enhanced-Energy-Efficiency-Rebates-Now-Available-Through-New-Agreement-Between-Enbridge-Gas-and-the-Canada-Greener-Homes-Grant

FAQ

What is the Canada Greener Homes Grant by Enbridge Gas (ENB)?

The Canada Greener Homes Grant allows eligible homeowners in Ontario to receive rebates for energy-efficient retrofits, enhancing home energy savings.

How much can eligible Ontarians receive through the HER+ program?

Eligible Ontarians can receive grants of up to $5,000 from the Canada Greener Homes Grant and an additional $5,000 from Enbridge Gas, totaling $10,000.

What types of retrofits are covered by the HER+ program?

The program covers costs for home insulation, windows, doors, and renewable energy systems.

How does the Canada Greener Homes Grant impact greenhouse gas emissions in Ontario?

The initiative is projected to reduce emissions by up to 1.5 megatonnes annually by 2026, contributing to Canada’s climate commitments.

When was the HER+ program launched by Enbridge Gas (ENB)?

The HER+ program was officially launched on January 26, 2023.

Enbridge, Inc

NYSE:ENB

ENB Rankings

ENB Latest News

ENB Stock Data

91.19B
2.17B
0.1%
54.63%
2.9%
Oil & Gas Midstream
Pipe Lines (no Natural Gas)
Link
United States of America
CALGARY