In December 2017 the Ontario provincial government announced the GreenON Rebate program. This rebate and incentive program will offer homeowners a very significant rebate on the installation of a new ground source geothermal heating and cooling system. This new program applies to both new residential home construction projects and retrofits of existing homes in Ontario.
This program was the results of over two years of negotiations between the government and industry interest groups and will bring a significant benefit to homeowners who participate in the program.
In summary the incentives are:
- $3,000 per installed ton of vertical ground source system to a maximum of $20,000
- $2,000 per installed ton of horizontal ground source system to a maximum of $15,000
- Additional rebates for the purchase of a heat pump with a desuperheater assembly for assisting in the generation of domestic hot water (DHW)
This program will be in place throughout 2018 and should continue into 2019. However, election results and other changes in government policies could alter or cause the withdrawal this program, so we encourage homeowners who are currently investigating the prospect of installing a geothermal heating and cooling system to pursue this opportunity with some sense of urgency.
Quantum Geothermal and many of our industry partners continue to advocate and promote the use of geothermal and other renewable energy sources and we strongly endorse the government’s action to introduce this new rebate program.
If you would like to get more information or confirm the potential rebates available for your home contact Quantum Geothermal and complet one of our energy evaluations.