Winnipeg Free Press - PRINT EDITION

New Hydro program makes energy upgrades affordable

  • Print

Manitobans now have more incentive to upgrade their furnace or the insulation in their homes.

Manitoba Hydro will pay the installation costs upfront while assuring customers their energy savings will cover the monthly retrofit payment. What's more, program benefits are transferable to a new owner if you sell your home.

"Manitoba Hydro's new Pay-as-You-Save program is the first of its kind in Canada. With huge upfront costs gone, more families will be able to make smart, energy-efficiency improvements to their homes and save money each month," Premier Greg Selinger said Monday in launching the PAYS program.

Selinger said the program will save families money, and he predicted it will significantly reduce the province's energy consumption.

The NDP promised the program during last year's provincial election campaign.

This past June, the province enacted the Energy Savings Act to encourage energy- and water-efficiency upgrades of existing homes and buildings. In response, Manitoba Hydro launched Pay-as-You-Save financing.

Participants will pay a fixed interest rate of 3.9 per cent over the program's first five years.

The new financing program will initially be limited to single-family housing, but the province said it will be expanded in the future to cover multi-unit residential, commercial and institutional buildings.

The minimum allowable financing amount is $500. The maximum financing term depends on the upgrade, Hydro says. If multiple upgrades are financed at the same time, the maximum finance term for all upgrades will be based on the upgrade with the longest term.

The program is not available for unoccupied homes, seasonal homes (cottages), apartment buildings or new homes under construction.

Only materials and equipment costs are covered for do-it-yourself projects.

Hydro spokesman Glenn Schneider said residents who have taken out Power Smart residential loans cannot transfer their loans to the new PAYS loan program.

"The PAYS program... is an entirely new financing program that is slightly different in that it aims to ensure that a customer's monthly bill after their retrofit is no different than it was prior to the retrofit -- the bill goes down from the energy savings and the monthly payment is calculated to be slightly less than those energy savings," he said in an email.


Who qualifies?

Single-family residential homeowners will qualify.


What retrofits are eligible?


High-efficiency gas furnaces, geothermal systems, insulation, drain-water heat recovery systems, water-heating equipment and water-saving toilets. (Water-saving toilets are only eligible if combined with an energy-saving upgrade.)


What are the benefits?

Since the program is tied to your property, it is transferable from one homeowner to another, or from property manager to tenant. Your monthly payment, which appears on your energy bill, will be more than offset by your annual energy savings when averaged on a monthly basis.


How do I get more information?


Manitoba Hydro says your contractor or retailer will work with you to determine if your project is eligible for financing and will help you complete the program financing agreement. For more information, check out Hydro's website:

Republished from the Winnipeg Free Press print edition November 6, 2012 A5

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes


  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.


Make text: Larger | Smaller


Lawless in the Morning: Former NHLer Jeff O'Neill, Montreal Canadiens and help for the Jets

View more like this

Photo Store Gallery

  • A water lily in full bloom is reflected in the pond at the Leo Mol Sculpture Garden Tuesday afternoon. Standup photo. Sept 11,  2012 (Ruth Bonneville/Winnipeg Free Press)
  • PHIL HOSSACK / WINNIPEG FREE PRESS 060710 The full moon rises above the prairie south of Winnipeg Monday evening.

View More Gallery Photos


Are you in favour of relocating Winnipeg's rail yards and lines?

View Results

Ads by Google