What is the Ontario Home Renovation Savings Program?
The Ontario Home Renovation Savings Program is a new initiative that offers homeowners rebates of up to 30% on energy-efficient home renovations, starting in 2025. This program is part of Ontario’s $10.9 billion energy efficiency investment aimed at helping residents save on energy costs while contributing to environmental sustainability.
How Much Can You Save with the Ontario Renovation Rebate?
Homeowners can save a significant amount with the Ontario Renovation Rebate. Here’s a quick breakdown of the potential savings:
- $600 for a home energy assessment
- $100 per new window and door
- Up to $8,900 for insulation
- Up to $250 for air sealing
- $75 for a smart thermostat
- $500 for a heat pump water heater
- Up to $7,500 for a cold climate air source heat pump
- Up to $12,000 for a ground source heat pump
- Up to $5,000 for rooftop solar panels
- Up to $5,000 for battery storage systems
Rebates cover up to 30% of your renovation costs, and you can expect to receive your rebate within 30 to 60 days after approval.
How to Apply for the Ontario Home Renovation Savings Program
Here’s a step-by-step guide to apply for the Ontario Home Renovation Savings Program:
- Check Eligibility: Ensure you meet the program’s requirements, including using eligible heating sources like propane, oil, or electricity.
- Register Online: Start by creating an account on the Save on Energy website starting January 28, 2025.
- Complete Your Energy-Efficiency Renovations: Work with certified contractors to perform the eligible upgrades.
- Submit Your Application: After completing the work, submit your application online, providing receipts and invoices.
- Receive Your Rebate: Once your application is approved, you’ll receive the rebate within 30 to 60 days.
What Energy-Efficient Upgrades Are Covered Under the Ontario Home Renovation Savings Program?
Here are the key upgrades covered under the program:
- Energy assessments: $600 rebate
- Windows and doors: $100 per unit
- Insulation: Up to $8,900
- Smart thermostats: $75 rebate
- Heat pumps and water heaters: Up to $12,000 for ground source heat pumps
These upgrades help reduce your home’s energy consumption, saving you money on long-term energy bills.
Why Should You Invest in Energy-Efficient Renovations?
Investing in energy-efficient home renovations offers several key benefits:
- Lower energy bills: Reduced heating and cooling costs
- Increased home comfort: More consistent indoor temperatures
- Boosted property value: Energy-efficient homes are attractive to buyers
- Environmental impact: Lower your carbon footprint and help Ontario achieve its energy goals
Key Takeaways
- Up to 30% in rebates for energy-efficient home renovations.
- Rebates for energy assessments, windows and doors, insulation, heat pumps, solar panels, and more.
- Simple application process through the Save on Energy website.
- Rebates are paid within 30 to 60 days after approval.
Start planning your energy-efficient renovations today and take advantage of the Ontario renovation rebates to save on energy costs and increase your home’s comfort.
When does the Ontario Home Renovation Savings Program start?
The program officially launches on January 28, 2025.
How long does it take to receive the rebate?
Rebates will be processed and paid within 30 to 60 days of an approved application.
What types of upgrades are eligible for rebates?
Eligible upgrades include windows, doors, insulation, smart thermostats, heat pumps, solar panels, and more.
