Efficiency NB

Energy efficiency program launched (10/03/03)

NB 303

March 3, 2010

SAINT JOHN (CNB) - A provincewide education program is being launched by Efficiency NB and New Brunswick financial institutions to improve awareness of the agency's residential energy efficiency programs and to encourage homeowners to include energy efficiency in their renovation projects.

Efficiency NB will provide training to financial institutions staff and promotional material for distribution to their clients.

Home renovations, especially larger ones, are often financed through loans or lines of credit. The new program will educate loans officers about the importance of energy efficiency and available programs; they, in turn, will be in a position to encourage clients to consider including energy efficiency upgrades and using Efficiency NB's residential incentive programs.

"This collaboration with financial institutions will benefit New Brunswickers in several ways," said Energy Minister Jack Keir. "By encouraging people to upgrade their homes to make them more energy efficient, they will save money on their energy costs and help the environment. They will also stimulate the economy by buying energy-efficient products and creating jobs by hiring local contractors to do the work. It's the perfect equation for self-sufficiency."

Since Efficiency NB's residential programs began, more than 7,000 homeowners have retrofitted their homes for increased energy efficiency, spending about $68 million and saving, on average, $974 annually in energy costs. These upgrades have reduced greenhouse gas emissions by 30.6 kilotonnes or the equivalent of taking 5,300 cars off the road for one year.

The partnership with financial institutions is a follow-up to a similar collaboration that Efficiency NB has had for the past year with home improvement retail stores. This partnership has increased the sales of energy-efficient products and materials.

Efficiency NB has a range of residential energy-efficiency programs that offer loans and grants to owners of existing and new homes and multi-unit residential buildings. Information on any of these programs is online or available at 1-866-643-8833.

10/03/03

MEDIA CONTACT: Tracey Somers, communications, Efficiency NB, 506-643-2860, tracey.somers@gnb.ca.

10/03/03