Many homeowners are making energy efficiency a priority when undertaking home renovation projects. Improved energy efficiency can help make a renovation more affordable in the long term by helping to offset renovation costs through savings on energy bills, while at the same time making your home more comfortable and healthy, reducing greenhouse gas emissions and potentially increasing the value of your home.
Home Renovation and New Construction Rebates
Power Down Campbell River Thousands of dollars are available to make your home more energy efficient, comfortable and healthy through Power Down Campbell River, including:
- $250 off a Home Energy Assessment;
- up to $2,700 to switch your oil heating system to a heat pump; and
- a bonus offer of up to $1,250 if you complete at least three eligible upgrades.
Thousands more available for insulation, draft-proofing, ventilation, space heating and water heating. Rebate offer made possible for a limited time through a partnership between the City of Campbell River, BC Hydro, FortisBC and the Province of BC. Rebates are limited and terms and conditions apply. To learn more about this program, call the hotline at 1-888-881-9790 or click here.
FortisBC offers a range of energy efficiency incentives for home owners using natural gas.
FortisBC also offers a range of energy efficiency incentives through two options in their New Home Program: whole home option; or through the installation of high-efficiency natural gas appliances.
- Up to $2,000 if constructed to ENERGY STAR for new home standard;
- Appliance incentives for natural gas:
- water heaters (maximum two/dwelling) – up to $1,000/unit;
- fireplaces (maximum five/dwelling) – up to $300/unit; and/or
- clothes driers (maximum two/dwelling) – up to $100/unit.
BC Hydro offers a range of energy efficiency incentives to help reduce electricity usage in your home.
Other Rebate Opportunities
Many incentives and programs exist to help plan and fund your eco-friendly renovation.
The voluntary R-2000 construction standards are a set of national technical requirements in energy efficiency, indoor air quality, and environmental responsibility.
Mortgage Loan Insurance Refund
The Canadian Mortgage and Housing Corporation offers a mortgage loan insurance premium rebate and extended amortization period. This is provided without surcharge to homeowners who use CMHC insured financing to purchase an energy-efficient home or make energy-saving renovations. Click here to learn more.
If you purchase an energy-efficient home or complete energy saving renovations, you may be eligible for significant premium savings through their Energy-Efficient Housing Program when Genworth Canada mortgage insurance is obtained.
Medical Expense Tax Credit
The Government of Canada’s Medical Expense Tax Credit can be applied to renovations and alterations to a building made to that significantly improve mobility for a mobility-challenged person.