City of Peterborough, ON launches Home Energy Efficiency Program

The City of Peterborough, ON has received a $8.6-million investment from the federal government to launch its Home Energy Efficiency Program.

Peterborough’s goal is to reduce greenhouse gas (GHG) emissions by 45 per cent by 2030 and achieve net-zero emissions by 2050. Currently 23 per cent of emissions come from almost 35,000 residential buildings.

The program offers homeowners and renters two loan choices, which can be used for home energy efficiency improvements including air sealing and insulation, and installing low emission heating such as heat pumps, and energy sources such as solar panels. The program will help an estimated 600 households retrofit their homes and is expected to result in a reduction in GHG emissions of 825 tonnes of CO2 per year.

The investment includes a $2.87 million grant and a $5.75 million loan through the Green Municipal Fund’s Community Efficiency Financing program, which is administered by the Federation of Canadian Municipalities.

Green Municipal Fund

 

 

 

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