New online calculator release today 💻 that will help Canadians in all provinces get a sense of what they could save 💵 by switching to a few clean energy solutions: www.mycleanbill.ca 🏡
The high points are covered well by the Toronto Star-- but since I spent my morning talking to Canadians on CBC cross-country, I thought it would be useful to peel back the onion a bit on the results:
🚗 ⚡ Switching your fossil fuel powered car for an EV saves money and emissions in every scenario, in every region of the country—yes, even when upfront costs are included (but considering current rebates). A driver opting for an electric Volkswagen ID.4 instead of a gas-powered Honda CR-V would save over $2,400 a year over the lifetime of the car. But- rebates are still important, the people who will benefit the most from the savings are the people who can't necessarily make room in their budget for the upfront price and it will take a mindset shift and different budget planning to be able to think about these decisions over the lifetime of an investment.
🏠 🔌 Installing a heat pump and going all electric in your home saves you money in most provinces, even when equipment costs are taken into account. Since we were measuring savings and emissions versus the most common heating alternatives, it's clear that these are especially large for households switching off of oil heating or electric baseboards- which are much less efficient and more costly than heat pumps.
🤔 But even households that aren’t ready to make the full switch can still cut your bills and emissions by making some changes. Swapping out just one of your cars for an EV can save you hundreds of dollars a months. Installing a heat pump instead of a new A/C system can provide you with cooling, while also covering part of your heating needs and bringing down your energy bills in almost all provinces. There are circumstances where the investment looks similar, but in almost all cases, there is an emissions benefit- so why not make the cleaner choice?
🇨🇦 No, our results were not universal. Alberta, and to a lesser extent, Saskatchewan did not show the same benefits as elsewhere. EVs were still more affordable, but due to high electricity rates, no provincial rebate programs and relatively affordable fossil fuel prices, home electrification does not yet show the same math. Utilities, through time of use pricing and energy efficiency programs, municipalities through Property Assessed Clean Energy programming can help change the math- but also provincial action matters and their citizens are unable to benefit in the same way as elsewhere in the country.
Take a look and let us know what you think.
https://lnkd.in/gQs3q4wY