Investorideas.com | big ideas for the small cap investor- One of the first online investor resources providing research tools for renewable energy, water and Homeland Security Investing Search www.investorideas.com
   Membership       Stock Alerts       Featured Stocks       Newsletter       Research       News       Green Investor       Stock Directories       Funding       Services     




AddThis Social Bookmark Button
Investor Ideas Membership, Gain access to Renewable Energy Stocks and Water Stocks Directories

Government of Canada Invests in Ontario Solar Energy Program

OTTAWA, ONTARIO -- April 30, 2009 - Homeowners in Ontario will have the opportunity to reduce their home energy costs, thanks to the new Solar Water Heating Program. With the help of a $1.4-million investment from the Government of Canada's ecoENERGY for Renewable Heat initiative, the program will provide a significant boost to the growing clean energy industry in Canada. Pierre Poilievre, Member of Parliament for Nepean-Carleton, announced the investment on behalf of the Honourable Lisa Raitt, Minister of Natural Resources.

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

"This investment by the Government of Canada will lower the energy costs of homeowners - putting more money in the pocket books of Canadians," said Minister Raitt. "Not only will this project protect our environment, but this green energy technology will help stimulate the economy and create jobs for Canadians."

"Under the leadership of Prime Minister Stephen Harper, this Government is committed to keeping Canadians employed and creating jobs," said MP Poilievre. "Today's announcement will encourage homeowners to consider green energy technology and help stimulate the economy."

The Solar Water Heating Program is a joint initiative led by Bullfrog Power Inc. together with Enbridge Gas Distribution and EnerWorks. It offers financial incentives and rebates to help Ontario homeowners living in Enbridge Gas Distribution franchise areas install solar water heating systems.

A solar water heating system can supply up to 60 percent of a Canadian home's hot-water needs, cut ongoing energy and water heating costs, and reduce each household's annual greenhouse gas emissions by one tonne. Solar water heating systems are also eligible for the ecoENERGY Retrofit - Homes Grant and the Home Renovation Tax Credit.

The $36-million ecoENERGY for Renewable Heat initiative is one of a series of ecoENERGY initiatives funded by the Government of Canada with an investment of more than $3.9 billion to increase Canada's supply of clean, renewable energy.

An additional $2.4 billion is provided by Canada's Economic Action Plan to support a cleaner and more sustainable environment and help meet Canada's climate change objectives. This funding includes a new, five-year, $1-billion Clean Energy Fund and a $1-billion Green Infrastructure Fund.

FOR BROADCAST USE:

The Government of Canada has announced new support for solar water heating for homes in Ontario. The new Solar Water Heating Program, an initiative of Bullfrog Power, will receive $1.4 million to help fund the installation of solar water heating systems, which can supply up to 60 percent of a Canadian home's hot-water needs while reducing ongoing energy and water heating costs.

The following media backgrounder is available at www.nrcan.gc.ca/media.

ecoENERGY for Renewable Heat

NRCan's news releases and backgrounders are available at www.nrcan.gc.ca/media.

For more information, please contact

Natural Resources Canada - Ottawa
Office of the Minister
Jasmine MacDonnell
Director of Communications
613-996-2007
or
Natural Resources Canada - Ottawa
Media Relations
613-992-4447

Published at The Investorideas.com Renewable Energy and GreenTech Business and Stock News RSS Feed: Subscribe : http://www.investorideas.com/RSS/feeds/RES.xml

Become an Investorideas.com Member:

Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and the complete renewable energy stocks directory.
Learn more: http://www.investorideas.com/membership/

Sign up for free newsletter, stock and sector news alerts at Investorideas.com
click here: http://www.investorideas.com/Resources/Newsletter.asp

InvestorIdeas.com Disclaimer: Issuers of press releases and articles are solely responsible for the accuracy of the content

Submit News Releases - Target Investors in Your Sector

TOP

Investor Ideas © 2000 - 2012 InvestorIdeas.com®, ECON

Free Investor Stock Alerts
Sign up here

login | logout | about us | contact | disclaimer / disclosure |
advertise | company profile directory | partners / links |
job search | privacy policy | trade | videos | sitemap |