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Thursday, May 29, 2008

0% renewable energy loans now available

Occasionally someone gets things right and a new pilot project called the Powerhouse initiative is just such an example. Hydro One has partnered with Mississauga, Brampton and York region to offer 0% loans for homeowners who install renewable energy systems. The Program offers loans from $2,000 up to $50,000 which are repayable in 3-10 years depending on amount.

The program will allow the installation of geothermal, solar hot water, small wind and photovoltics after you registered and take an informational course and undergo a home energy audit. The program even offers the opportunity to form local buying clubs to negotiate lower prices for a group of homes having the same products installed.

This is a great start and a great boon for people in the pilot areas, like me in Newmarket, It’s going to take a little more research to find out if the product list is fixed or if you have a decent amount of choice. I also question that they did not include the installation of a few other technologies like a new brand of high efficiency air source heat pump designed for our crappy cold weather.
Solar pool heaters
or solar air heaters like the solar-max as mentioned in my post IngeNewfity

Damn, I've been had, only parts of York Region are covered by Hydro one and I'm not part of it. For clarification only King Township, East Gwillimbury, Georgina or Whitchurch-Stouffville qualify from York. RRRGGGG!

I’m definitely going to sign up for the informational meeting, check out what they are offering and figure out if its doable for me at this time. Of course if we had a Federal and Provincial governments with any sense they would offer grants or removing the sale tax on this stuff to make sure the program works.Recommend this Post

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