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New Hydro program to help retrofit homes
A contractor installs batt insulation with the proper R-value for an attic space's walls. Manitoba Hydro will provide assistance to homeowners wishing to upgrade their home's energy efficiency. (HANDOUT)
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Premier Greg Selinger spoke Tuesday morning at the Free Press News Café. (SARAH O. SWENSON / WINNIPEG FREE PRESS) Photo Store
Manitoba Hydro will pay for the upfront costs of home improvements that save energy, Premier Greg Selinger said today.
Selinger said the new financing program, to be in place this fall, Hydro will cover the costs of energy and water retrofits and then recover those costs through a monthly charge on the homeowner's utility bill.
"More efficient homes and buildings make life more affordable for Manitoba families," said Selinger. "Reducing our energy use also protects all Manitobans against future energy price increases while reducing greenhouse-gas emissions."
Selinger said the benefit is that by attaching the cost to the meter, rather than a loan, it gives more flexibilty to energy-saving home improvements for homeowners.
More information about the program is mostly aimed at insulation upgrades to older homes, of which there are about 65,000 homes in the province that still need work.
Manitoba Hydro will roll out more details of the program in September.
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Updated on Tuesday, May 8, 2012 at 10:52 AM CDT: adds video
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