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Get cash back for energy-saving improvementsArticle By: Elizabeth Rogers
Where to find grants and rebates for your energy-saving upgrades, and what you need to know to make them happen.
Feeling a draft? Still running old appliances? You could be doing more harm to the environment -- and your budget -- than you think. According to statistics from the Canadian Government, about 17 per cent of all energy produced goes into powering our homes. With rising energy costs and an increasing concern for the environment, more and more people are looking at ways to save money and energy through home improvement. The government estimates that energy-efficient upgrades can reduce greenhouse gas emissions by up to 4 tonnes per household and reduce energy use by 30 per cent. That can total a savings of $700 - $2000 per year for homeowners. And the older your home, the greater the benefit. On average, homes that are more than 25 years old can save up to 35 per cent of their energy use. Homes over 50 years can save even more. But as the saying goes, it costs money to make money (or in this case save money). Before you plan your next home improvement, take a look at some of the many programs out there that offer savings and money back. The Federal Government ecoENERGY Program This federal program currently offers up to $5000 in rebates for home improvements and retrofits that will save energy, reduce greenhouse gas emissions and help the environment. But how can you tap into that resource? Here's how it works: - Start by getting an energy audit from a qualified National Resources Canada (NRCan)-licensed advisor. - During this pre-retrofit evaluation, the advisor will examine your home and recommend improvements that will help save energy. - You complete any or all of the upgrades and improvements on your list. There is a flat amount set for each qualifying upgrade. - Once the work is complete, the advisor will come back for a post-retrofit evaluation. You and your advisor complete the grant form and submit the paperwork.
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