Successful energy retrofits can specifically benefit residents of low‐income apartment buildings. Programs like TowerWise show that retrofits can lead to a 30% reduction in energy and carbon usage. Energy efficiency programs can also have up to a 2:1 cost‐benefit ratio. Retrofits of low‐income housing can potentially result in the co‐benefits of carbon reduction, energy efficiency, and costs savings, as well as positive health outcomes. On a macroeconomic level, retrofits can reduce the need for government spending on health and energy subsidies, which can be redirected to other types of social spending for low‐income Canadians.
Posted September 18, 2019