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Canada, N.B. to help fund energy-efficient upgrades

Moncton, N.B. – The federal government will invest almost $51 million to help New Brunswickers make energy-efficient upgrades to their homes, businesses, and industrial operations.

This investment is part of further energy-efficiency investments in New Brunswick, which total $234 million, Environment and Climate Change Canada said in a news release.

The investment, announced jointly by the Ministry of Environment and Climate Change, New Brunswick’s Ministry of Environment and Local Government, and the president and CEO of New Brunswick Power, is part of further energy-efficiency investments in New Brunswick, which total $234 million.

Canada’s Low Carbon Economy Leadership Fund will support New Brunswick Power’s Total Home Energy Savings Program as well as programs for commercial and industrial energy efficiency. These programs help cover the cost of home-, commercial-, and industrial-efficiency retrofits across the province.  

The Total Home Energy Savings Program will assist homeowners with energy-efficiency changes such as better insulation, home heating systems, heat-recovery ventilators, windows, doors, water heaters, drain-water heat recovery, and renewable-energy systems. The federal government is supporting New Brunswick Power in expanding programming to homeowners who heat their homes with oil.

The program for commercial buildings will help business owners save energy, save money, and make energy-efficient retrofits in commercial buildings, the release said.

The New Brunswick Power Energy Smart Industrial Program will provide financial incentives to industries to improve energy efficiency in their operations, which will reduce energy consumption, provide environmental benefits, and save on costs.

As part of New Brunswick’s energy-efficiency investments, New Brunswick Power is investing up to $82 million, over the coming five years, into programs for homeowners, businesses, and industries, to support a wide range of projects, including rebates and programs to help families and businesses. The Province of New Brunswick will invest $101 million toward retrofitting government buildings. 

The Low-Carbon Economy Leadership Fund is providing $1.4 billion to provinces and territories that have adopted Canada’s clean growth and climate action plan, the Pan-Canadian Framework, to deliver on commitments to reduce carbon pollution, protect the environment and create jobs.