Efficiency Canada's Response to the 2024 Fall Economic Statement

December 16, 2024 — The 2024 Fall Economic Statement announced that it will increase funding for interest-free loans through the Canada Greener Homes Loan Program. This will allow more Canadians to permanently reduce their everyday costs through comprehensive energy retrofits. 

Topping up the loan program will avoid disruptions to customers and contractors. We can continue to explore ways to make it better through financing that completely removes up-front costs and business models that simplify the retrofit process.

The Fall Economic Statement also re-iterated its previous funding for a Canada Greener Homes Affordability Program to fund energy retrofits for low-to-median income households, including renters. 

It noted that a call for proposals for provinces and territories focuses on “regionally tailored initiatives that can get up and running as soon as possible”. Starting with the publication of its Efficiency for All report, Efficiency Canada has advocated for a federal approach that complements existing programs. Expanding low-income programs across the country can’t happen soon enough and should be the first step towards a national energy poverty elimination agenda.

Contact: media@efficiencycanada.org