Residential Newmarket Energy Efficiency Retrofit (R-NEER) Business Case

What is Newmarket Energy Efficiency Retrofit (NEER) Program?

The Newmarket Energy Efficiency Retrofit (NEER) business plan is a municipal initiative designed for Newmarket residents to retrofit their homes and save on utility costs all while lowering the community's total greenhouse gas (GHG) emissions. The program is seeking to further meet the goals outlined in the Town's 2016 Community Energy Plan (CEP) by creating an Entity that delivers high-quality energy efficiency retrofit services using local contractors and public/private financing mechanisms.

The NEER business case development project has two tracks. One track will provide an analysis of the many variables involved in scaled-up building retrofits. The second track is an engagement process that will inform and consult with community stakeholders.

Once the program is operational, residents can purchase high energy-efficiency retrofit packages that could save consumers 30%-50% on their utility bills. NEER aspires to retrofit 80% of the residential sector of Newmarket which will:

To learn more about the program, please visit our website.

Inspiration

As of 2017, there are over 29,000 homes in the Town of Newmarket with the residential sector consuming approximately 4.3M gigajoules (GJ) of energy. This contributed to 126,000 tonnes of greenhouse gas (GHG) emissions and cost residents $74M that year alone.

Trends predict that as current power generating infrastructure becomes more outdated and demand for energy increases, Newmarket can see a rise in energy cost between $139M to as high as $238M by 2042.