A new report by Clean Energy Canada reveals that Canadian households can save hundreds of dollars per month by adopting clean energy technologies.
With the cost of living a pressing concern, families across the country are encouraged to explore the potential savings through a new online calculator, designed to provide a personalized snapshot of cost reductions achievable with energy-efficient upgrades.
For example, a family in Toronto that switches from gas-powered cars to electric vehicles (EVs), replaces natural gas appliances, installs a heat pump, and makes modest energy efficiency improvements could save $550 per month, even after factoring in upfront costs. In Vancouver, similar changes could result in savings of $777 monthly. Beyond financial benefits, these upgrades would reduce the carbon footprint of their vehicles and homes by more than 90%.
The report highlights savings for various types of homes, including condos, townhouses, and detached houses, in every province. Importantly, switching from a gas-powered vehicle to an electric one offers financial benefits across all regions, while installing a heat pump proves cost-effective in most provinces.
However, despite the potential savings, barriers to adopting clean technologies have grown over the past year. The federal government’s Greener Homes Grant, which provided up to $5,000 for energy-saving upgrades like heat pumps, has been discontinued. It is expected to be replaced by a new program aimed at supporting low- to median-income households.
Additionally, the availability of affordable EVs has been impacted. Popular models such as the Chevrolet Bolt and Kia Soul EV, previously priced under $45,000, have either paused production or been discontinued. The situation is further complicated by new tariffs on Chinese-made EVs, which will affect the availability of Tesla’s most affordable Model 3 in Canada.
Varying levels of provincial government support also contribute to unequal access to clean energy savings. For instance, a family in Vancouver can receive up to $4,000 in provincial rebates for purchasing an EV, along with $12,000 to replace a gas furnace with a heat pump. Meanwhile, families in Toronto do not benefit from provincial support for these upgrades.
The report stresses that government action at all levels is crucial to making clean energy solutions accessible. Measures such as offering rebates to reduce upfront costs, expanding access to EV charging, simplifying financing, and improving electricity rates are key to encouraging cleaner choices for Canadians.