Mississauga, ON, Canada --- (METERING.COM) --- May 30, 2008 – Ontario's Energy Minister Gerry Phillips joined representatives of Hydro One Networks, Enersource Hydro Mississauga, and Hydro One Brampton Networks today to launch an innovative new pilot program that will help their customers to save on their energy costs, while also helping the environment. The PowerHouse Program gives residential homeowners access to zero-interest loans ranging from $2000 to $50,000, or a rebate for installing qualifying renewable electricity generation technologies, including solar photovoltaic panels, solar water heating systems, geothermal energy systems and small wind turbines.
Phillips said Ontarians are already showing their commitment to conservation at home. "Almost 50,000 homeowners have received rebates through our Home Energy Audit program as they look to make their homes more efficient and cost-effective. This innovative program will put more clean, green power options within financial reach of homeowners."
"Our customers repeatedly ask us how they can access the green technologies that ease both their pocketbooks and their environmental footprint," said Craig Fleming, President and CEO of Enersource. "This program gives residents a terrific financial incentive to invest in renewable energy and to contribute to the culture of conservation in Ontario. It's a win-win opportunity and we're delighted to test the waters here in Mississauga."
"To contribute to a culture of conservation we need to give our customers and communities tools to allow them to take advantage of clean, renewable technologies," said Laura Formusa, President and CEO of Hydro One Networks Inc. "The PowerHouse program can potentially make a positive difference for our electricity system, and for our environment."
"Making renewable micro generation an affordable option for our customers will have a very positive ripple effect, in terms of improved air quality, greater accessibility to qualifying technologies, and in achieving even greater overall reliability and effectiveness of our network," said Roger Albert, President and CEO of Hydro One Brampton Networks. "The net benefit will impact on the broader Brampton community."
To qualify for the program, homeowners must be residential electricity customers of Enersource Hydro Missisauga, Hydro One Brampton Networks, or a Hydro One Networks customer in Caledon or York Region.