The new phase will complement the suite of federal authorities initiatives out there to Canadians to improve their properties and reduce their bills. This consists of the Canada Greener Homes Loan, which continues to supply interest-free loans of up to $40,000 to Canadians of all earnings levels to undertake home vitality enhancements. It also includes the Oil to Heat Pump Affordability program, which offers grants of as a lot as $10,000 to low-to-median-income oil-heated households throughout Canada who wish to make the swap to a heat pump. Under new OHPA enhancements announced in the fall of 2023, the federal government has increased these grants to $15,000 for Canadians residing in co-delivery provinces that have stepped up with a minimum of $5,000. The federal government may even be providing a one-time payment of $250 to low-to-median-income households in co-delivery jurisdictions when they’re pre-approved to transition to a warmth pump.
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