""Cutting a program like this quite abruptly really disrupts businesses, it kills jobs in the skilled trades, and it really breaks the trust of consumers who perhaps relied on this program," said Brendan Haley, the senior director of policy strategy with Efficiency Canada, an energy efficiency think-tank based out of Carleton University's Sustainable Energy Research Centre."
""When the grant was cancelled, the promise was that the loan was there," said Haley."
""Now, if the loan program goes away, there's really no solution from the federal government for Canadians who are middle income and would benefit from a loan to reduce their energy costs and reduce their greenhouse gas emissions.""
"In the message sent to homeowners, the program is described as "successful" and the "funding will soon be fully allocated.""
The Canada Greener Homes Loan will stop accepting applications after Oct. 1, 2025, and funding for the program is running out. The program launched in May 2021 and offered interest-free loans between $5,000 and $40,000, requiring pre- and post-retrofit evaluations for upgrades like insulation, window replacement and heat pumps. The government message described the program as successful and warned funding would soon be fully allocated. Stakeholders say the abrupt end will disrupt businesses, reduce skilled-trades jobs, erode consumer trust and leave middle-income homeowners without a federal financing option to lower energy costs and emissions.
Read at www.cbc.ca
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