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Energy Efficiency Grants Under Scrutiny

Posted by: Nate Berg

27 October 2007 - 1:00pm

Government programs that subsidize energy-efficiency improvements in houses are being reconsidered as some claim the effort isn't worth the benefit.

"The federal grants range from a major portion of the upgrade - $600 for an $1,800 insulation job, for example - to a far more modest percentage - $30 per window for a project that can cost $20,000. Most provinces also provide grants; Ontario matches the federal benefit dollar-for-dollar, resulting in a $1,200 grant for that $1,800 insulation job."

"Providers of audit services say business is booming across the country, and they are constantly training new auditors to keep up with the demand."

"But is the effort worth it, for the climate or for homeowners?"

"Energy experts level two main criticisms at this type of program. Some say the government is paying for upgrades that individuals would have done without a grant, and that homeowners are encouraged to spend thousands of dollars for a modest payoff in terms of lower energy bills."

Full Story: This drafty old house
Source: The Globe and Mail, October 26, 2007
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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