See Jim's message on incentives for contractors, homeowners and more
TORONTO, Nov. 1, 2011 /CNW/ - When it comes to purchasing a home, the
Toronto market is still reporting strong sales. The average price of a
single family home in the GTA is a whopping $427,000; by 2015 it's
expected to reach $525,0001. But not everyone is looking to move or purchase something new. Some
homeowners simply want to renovate their living space. Just ask master
contractor and Host of HGTV's upcoming series, "Builder Boss", Jim
Caruk. Last year in Canada, 42 per cent of homeowners renovated their
place of primary residence2. Jim is participating in Toronto Hydro-Electric System Limited's
(Toronto Hydro) 'It's Easy to Conserve' campaign to explain how energy
efficient renovations in his home have helped decrease his monthly
Toronto Hydro offers a number of incentive programs for contractors.
People hiring contractors for home renovations are looking for energy
efficient solutions as a means to be green and save money. When it
comes to home renovations and conservation, "There are a lot of changes
and a lot of trends at the energy savings end of it," says Jim. "As a
contractor, we always encourage our homeowners to go for the rebates,
especially on a renovation."
Watch Jim, part of Toronto Hydro's 'It's Easy to Conserve' campaign on facebook.com/torontohydro, as he demonstrates the energy solutions that save him money on his
monthly electricity bill.
"It's about educating our customers so that they understand what
programs are available," says Joe Bile, CDM Program Delivery and
Business Development at Toronto Hydro. "More often than not, customers
want to get involved in conservation programs, and we have something
for everyone. The New Home Construction Program provides financial
incentives to the hired contractor which ultimately provides benefits
to the homeowner through more efficient equipment and infrastructure. "
In addition to using Time-of-Use (TOU) electricity rates and the TOU web
portal at torontohydro.com/tou, residential customers and contractors can benefit by taking advantage
of the following incentives:
The New Home Construction Program encourages Ontario contractors to
include energy efficiency as part of their new builds and major
renovations. By including these energy efficiencies, the homeowner can
experience savings year after year. Some of the design features
included in this program are:
All-off switches: This is a master power switch for your home. Selected outlets around
your house - as well as everything plugged into them - are connected
to, and controlled by this single on/off switch. When you leave your
home you can switch off all connected lamps by flipping one switch!
Electronic Commutated Motor (ECM): All furnaces have a motor to circulate hot air throughout your house.
ECMs are an efficient type of furnace motor that also helps you save
electricity while getting the same level of home comfort from your
Seasonal energy-efficiency Ratio 15 central air conditioners (SEER 15
CAC): SEER is a metric used to rate the efficiency of central air
conditioners. SEER 15 designates a central air conditioner that has a
higher efficiency rating than the average central air conditioner
currently sold in the market. Homeowners who are replacing their
heating and cooling systems as part of a major renovation, may qualify
for a rebate up to $650 with our HEATING & COOLING INCENTIVES program.
ENERGY STAR® qualified light fixtures and other efficient lighting: The ENERGY STAR mark on lighting fixtures - regular fixtures,
multi-lamp fixtures (e.g. chandeliers), pot lights, and T8 fluorescent
fixtures, as well as other niche lighting fixtures - indicates superior
Lighting control products: These products include dimmer switches for lights, lighting timers and
indoor and outdoor motion sensors, all of which help contribute to an
If you're not looking to overhaul your home, but looking for some easy,
DIY ways to make your home more efficient, download valuable coupons
for energy-saving products at torontohydro.com/conservation.
Other local personalities taking part in Toronto Hydro's new social
media campaign include: the Chief of Toronto Police Services, Bill Blair, culinary superstar Brad Long, master contractor and television celebrity Jim Caruk, newly-elected MP for Scarborough Southwest Dan Harris, City of Toronto Councillor Shelley Carroll and eco-developer and Cleantech Advisor Tom Rand. Videos can be viewed online at facebook.com/torontohydro.
About Toronto Hydro
Toronto Hydro-Electric System owns and operates an electricity
distribution system, which delivers electricity to approximately
705,000 customers located in the City of Toronto. It is the largest
municipal electricity distribution company in Canada and distributes
approximately 19% of the electricity consumed in Ontario.
The information in these materials is based on information currently
available to Toronto Hydro Corporation and its affiliates (together
hereinafter referred to as "Toronto Hydro"), and is provided for
information purposes only. Toronto Hydro does not warrant the accuracy,
reliability, completeness or timeliness of the information and
undertakes no obligation to revise or update these materials. Toronto
Hydro (including its directors, officers, employees, agents and
subcontractors) hereby waives any and all liability for damages of
whatever kind and nature which may occur or be suffered as a result of
the use of these materials or reliance on the information therein.
Time of Use - torontohydro.com/tou
Twitter - twitter.com/torontohydro
Facebook - facebook.com/torontohydro
YouTube - youtube.com/torontohydro
1 Toronto Real Estate Board (www.mississauga4sale.com/TREBprice.htm)
2 Canada Mortgage and Housing Corporation (Renovation and Home Purchase
Detailed Table Study)
SOURCE Toronto Hydro Corporation
For further information: