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150% increase in ecoENERGY incentive for solar hot water
Incentives add up |
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| Average system cost | $7,000 |
| Solar Neighbourhoods Incentive | -$1,000 |
| Federal EcoEnergy incentives | -$1,250 |
| Ontario Home Energy Retrofit Program | -$1,250 |
| Federal Home Renovation Tax Credit | -$900 |
| Final cost: | $2,600 |
| Financed at 0% over 10 years with Solar Neighbourhoods loan | $25.83 per month |
The federal government has announced a major increase in incentives for solar hot water systems through the ecoENERGY program. We fully expect that this increase will be matched by the provincial government in the next few weeks. The result is that the total ecoENERGYincentive will soon be $2,500 per residential system. This adds up to some pretty cool math for anyone thinking of installing a solar hot water system in Ward 30 (see example to the left).
Don't miss out — request an information kit on our website or call 416-392-6795 to see if solar could work for you. The Home Renovation Tax Credit will only be available until Feb. 1, 2010 and the Solar Neighbourhoods incentive will be available for only approximately 100 systems in Ward 30.
You can't beat zero
Did you know that the Solar Neighbourhoods program also offers a zero interest financing option? You can get up to 10 years to pay for your system at zero interest through our program. And you will still get an upfront incentive of $500. This makes for pretty easy monthly payments. Take a look at the chart above — for about $26 a month, you could install a solar system that cuts your hot water heating bill by 50% or more. Let's face it, most of us spend more than that on cable TV!
To qualify for financing and incentives, you must complete the ecoENERGY home assessment, which is also a great way to get a handle on your home's energy usage.
Solar Neighbourhood Events
A Solar Affair
We're planning another great get-to-know solar event for Saturday, May 23rd in Riverdale's Ward 30. Join us at Withrow Park between 10 a.m. and 1 p.m. to see system displays, take part in neighourhood solar tours, ask questions of our knowledgeable Solar Neighbourhoods staff or participate in great solar activities for kids. The event will be located in the northeast corner of the park next to the weekly Farmer's Market near the baseball diamond (see sun spot on map).
Stay tuned to this newsletter or www.solarneighbourhoods.ca for more details.
Share the great news about solar -
SOLAR NEIGHBOURHOODS wants to help you reduce your home’s energy use and tap the power of the sun. We will guide qualifying homeowners in Ward 30 through the purchase and installation of a solar water heating system and help you access more than $4,000 in incentives. Solar hot water is a well-developed zero-emissions renewable energy technology that is in wide use around the world. Now, Solar Neighbourhoods is working to make it part of life right here in Toronto.
Don’t miss this chance to reduce your home’s climate impact, tackle rising utility costs and be a part of Solar Neighbourhoods! Get in touch today at www.solarneighbourhoods.ca or call 416-392-6795.
 Toronto Energy Efficiency Office Toronto Environment Office |
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