- Energy Saving Mortgages – Financial institutions offer a range of mortgages to home buyers who make their homes more energy efficient. For example, home owners who have a home energy audit within 90 days of receiving an RBC Energy Saver™ Mortgage may qualify for a rebate of $300 to their RBC account.
- Low Interest Renovation Loans – Financial institutions offer ‘green’ loans for home owners making energy efficient upgrades. Vancity’s Bright Ideas personal loan offers home owners up to $20,000 at prime + 1% for up to 10 years for ‘green’ renovations. RBC’s Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 rebate on a home energy audit on a fixed rate installment loan over $5,000. For information visit your financial institution. Examples: Vancity and RBC.
- Energy Conservation and Assistance Program (ECAP) – BC Hydro and FortisBC offer free energy assessments and energy saving products to low-income customers. Qualified contractors will install upgrades ranging in value from $300 to $5,000 depending on the need of the home. For information: BC Hydro and Fortisbc.
- Energy Savings Kit Program – BC Hydro and FortisBC offer low-income customers a free energy saving kit containing products to help save energy and money.
- Home Energy Rebate Offer – BC Hydro and FortisBC offer home owners rebates for various upgrades and improvements, including insulation, draftproofing, space heating systems, water heating systems and ventilation. These improvements can reduce the average residential customer’s energy bill by 30%. There is a bonus offer for completing three or more of certain upgrades. Total value of available rebates is almost $6,000 per household.
- FortisBC Rebate Program for Homes – Rebates for home owners including a $300 rebate for purchasing an EnerChoice® fireplace, or up to $1,000 off an ENERGY STAR® water heater, or a $1,000 rebate for switching to natural gas (from oil or propane) and installing an ENERGY STAR® heating system. For information: Fortisbc or phone 1.800.663.8400.
- Rain Barrel Subsidy Programs – Many Metro Vancouver municipalities offer rain barrels for sale, often at a discount for their residents. Richmond sells them for $30. Coquitlam sells them for $72. Burnaby sells them for $70. Other municipalities have similar offers. For example, Burnaby, Coquitlam, Richmond.
- Incentives to lower your water use – The City of North Vancouver offers a $50 rebate to residents installing a low-flush toilet.
The District of West Vancouver offers a $50 rebate when residents install a low-flush toilet. The District of North Vancouver offers a $50 rebate to residents installing a low-flush toilet. The City of Coquitlam offers residents a $100 rebate to residents installing a low-flush toilet. Visit your municipality’s website and enter ‘toilet rebate’ to see if there is a program.
Your municipality may provide grants and incentives to residents to help save water.
For information, contact your Royal Pacific Realty Group REALTOR®.