The Government of Canada has renewed the ecoEnergy Retrofit—Homes Program from June 6, 2011 until March 31, 2012. What does this mean? Homeowners tackling renovations may be eligible to receive grants of up to
$5,000 when incorporating more energy-efficient solutions.
Not sure where to start? The experts at The Home Depot Canada can help with a few of the most common home improvement projects that are eligible:
Remodelling the Bathroom - A cost-effective way to update the bathroom is to install a more modern vanity. Looking to a new unit similar in size to the existing footprint is smart—and a matching sink and new low-flow faucet will make the
investment a good one. To take full advantage of the ecoEnergy Retrofit—Homes Program, consider adding one more update to the remodel—a new ecoEnergy approved low-flush or dual-flush toilet (that comes with a rebate of $65). This
rebate can even be applied to up to four replacement toilets per home.
Finishing a Basement - A finished basement is a great place to entertain and enjoy as a family. Did you know that insulating this space could cut heating and cooling costs by as much as 20 per cent? Not to mention possible rebates of
$125 to $1250. A warm basement and cash back—the perfect combination!
Winterizing for Cold Temps - With air leakage accounting for 30 to 40 per cent of total heat loss in a home, fixing drafts before the mercury dips can add up to big savings. Bigger projects, such as installing ENERGY STAR® qualified
windows and doors, can save up to 12 per cent on the average energy bill and provide a rebate of $40 per rough opening (the structural framing in a wall or roof that separates a heated space from an unheated space—creating an opening for
the installation of a window)
To find out more about the ecoEnergy Retrofit—Homes Program and whether other provincial incentives are available, visit www.homedepot.ca/ecoenergy
For more information you can contact us through our website: wwww.okanaganmortgages.com
This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.