FREDERICTON (GNB) – NB Power announced more details around its comprehensive suite of energy efficiency programs and initiatives. Over the next five years, the federal and provincial governments and NB Power will invest up to $234 million in energy efficiency.

“New Brunswick homeowners and businesses now have access to efficiency programs to save money, increase their comfort and help protect the environment,” said NB Power president and CEO Gaëtan Thomas. “Our efficiency programs deliver direct and measureable benefits to customers, reduce greenhouse gas emissions and create green jobs, which will provide significant stimuli for the New Brunswick economy.”

The company’s Total Home Energy Savings Program offers assistance on upgrades to home heating systems regardless of how the home is currently heated. This program also covers upgrades that include insulation, windows, doors and solar panels. In addition to Total Home for existing homes, a New Home Construction program will also soon be available.

New incentives for industry will help close the up-front costs gap to replace, purchase and install high-efficiency equipment for their operations. The updates should allow businesses to save up to 10 per cent on their energy costs within two years.

“We are pleased that such comprehensive programs are being led by the efficiency team at NB Power,” said Treasury Board President Roger Melanson. “These incentives will help homeowners and businesses reach their energy saving goals while at the same time reducing our greenhouse gas emissions, helping our industry remain competitive and relieving pressure on energy generation needs.”

Melanson spoke on behalf of Environment and Local Government Minister Andrew Harvey.

In total, it is estimated that these new programs will lead to $150 million in GDP growth in New Brunswick, and support up to 400 jobs over the five-year period.

“Protecting the environment and growing the economy go hand in hand,” said federal Fisheries, Oceans and Canadian Coast Guard Minister Dominique LeBlanc. “Through the Low Carbon Economy Leadership Fund, we are supporting provinces and territories programs to help Canadian homeowners, businesses, and industries enhance energy efficiency and create healthier communities. That is why we are investing in New Brunswick’s energy efficiency programs, to assist New Brunswickers to save money and energy, reduce carbon pollution while contributing to sustainable economic growth of their province.”

LeBlanc spoke on behalf on Environment and Climate Change Minister Catherine McKenna.

More details about the programs

After registering for the Total Home Energy Savings Program with NB Power, homeowners must carry out a $99 evaluation to determine where they can get the most efficiency with upgrades. The upgrades then have to be completed within nine months of the evaluation. An evaluation will also be carried out at no cost after the work is completed on the home. It is anticipated that the average incentive provided to homeowners will be $1,800.

For businesses, NB Power will work with companies to collaborate on accessing reliable, credible and qualified energy efficiency professionals to perform energy audits, and feasibility studies to identify and prioritize efficiency opportunities.

Booking an evaluation can be done by visiting www.nbpower.com or calling 1-800-663-6272.