A federal grant program that offers homeowners money to make their homes more energy efficient is running out of money faster than anticipated — alarming homeowners and industry stakeholders who fear the program might end earlier than expected.
Natural Resources Minister Jonathan Wilkinson confirmed the program is spending its allocated budget quickly because of high demand for home retrofit grants. He stopped short of saying Natural Resources Canada (NRCAN) could abruptly close applications and suggested the program could be extended.
“Yes, we’ve actually started to exhaust the funds earlier than what we had anticipated, and that’s largely a function of the popularity of the program,” Wilkinson said.
The Greener Homes Grant program, launched by the federal government in 2021, provides homeowners with up to $5,000 for energy efficiency retrofits and home energy evaluations and up to $600 to help with the cost of home energy evaluations.