Hole punched in Walmart
Cop cleared after cyclist hit
Seniors in the housing crisis
Tracking bird flu in cows
Alberta braces for drought
Premiers want co-operation
Full Trump jury seated
Iran fires at attack drones 
World's largest election 
Body Shop explores sale
Apple pulls apps from China
Oil and gas leases restricted
Warriors ready for Round 2
Kalamalka Bowl cancelled
Rockets live to fight on
Hilton teams up with Sia
Swift still 'can't forgive' Kim
Grimes to ‘cap the disarray’
Continuing with the renovation theme from last week, Fortis and Hydro have teamed up to provide a variety of rebates and offers.
There are a couple of incentive programs available for renovations done to make your home more energy efficient. Here are a few of them:
Energy Assistance Conservation Program
This is a program to improve the energy efficiency and comfort of your home free of charge. BC Hydro & Fortis with the Energy Conservation Assistance Program (ECAP) provide income qualified account holders with a free home energy assessment.
Home Energy Rebate Offer up to $5300
Rebates are available for insulation, ventilation, and water and space heating upgrades. With an EnerGuide evaluation before and after the improvements you may qualify for another $500 -$750.
New Home Program up to $2000
Receive up to $2000 in incentives when you build an ENERGY STAR new home.
Combined Space and Water Heating System Pilot up to $1800
Replace both your water heater and furnace with one combined system and save up to $1800.
Energy Star Water Heater program up to $1000
Replace your old hot water heater with a qualifying natural gas Energy Star model and you could save energy, and qualify for up to $1000 in a rebate.
All of these renovations can be included in your existing mortgage, and either financed before completion if you have enough equity in your property, or after the improvements have been made.
It is important to talk to your existing mortgage lender to find out if there would be a penalty, or if the mortgage can be increased and the rate blended. Some lenders will allow a home equity line of credit to be registered behind their mortgage is second position. This is a good option as the payments are interest-only. and the credit line is fully open for repayment.
For more details on these programs visit: Renovation rebates and savings from Fortis & BC Hydro or call us at 250.862.1806 or email [email protected]
This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.
