Save Energy. Save Costs. - [MM]
13:37 |
Save
Energy. Save Costs. Improve Your Livability.
With BC
Government Incentive Programs
Thinking about making some energy-wise retrofit repairs in your home?
There’s no time like the present to address your home’s
protective or mechanical systems. Perhaps it’s an insulation upgrade, a furnace
or hot water tank replacement or the installation of double-pane windows.
Improving
the heating, cooling and ventilation systems in your home will not only improve
energy-efficiency and reduce operating costs but will boost its potential value.
LiveSmart BC Efficiency
Incentive Program
While making those retrofit repairs, why not take advantage of the
LiveSmart BC Efficiency Incentive Program?
The LiveSmart BC line of rebate programs have been around for a few
years now and tens of thousands of British Columbians have taken advantage of various
funding opportunities during this time, saving thousands of dollars on energy
saving improvements and equipment.
And here’s the good news: The
LiveSmart BC Efficiency Incentive program will remain open to new participants
until March 31, 2013.
Where do I start?
The first step to
access LiveSmart BC incentives is to book a home energy efficiency evaluation
by a certified energy advisor. No federal registration number is required to
book an energy efficiency evaluation for home owners who are only accessing the
LiveSmart BC incentives.
Here are some common
areas to look at when considering how to maximize energy efficiency:
·
Air sealing and
mechanical ventilation
·
Attic insulation
·
Exterior wall
insulation
·
Basement and other
insulation
·
Windows, doors and
skylights
·
Primary space heating
·
Other space heating
·
Water heating
·
Distributed power
generation
Remember that deadlines
are applicable to get on board. LiveSmart BC program participants must have
their follow-up assessment within 18 months of their pre-retrofit assessment or
before March 31, 2013, whichever comes first. Program participants can only have one
follow-up evaluation.
For questions on the
LiveSmart BC program please call 1-866-430-8765 or visit www.livesmartbc.ca/rebates
Other
Government Incentives:
$1,000 Seniors' Home Renovation Tax Credit
The B.C. Seniors’ Home Renovation Tax Credit is a
new refundable personal income tax credit to assist with the cost of permanent
home renovations that provide individuals age 65 and over with increased
independence, allowing the flexibility to remain in their own homes longer.
Eligible expenditures can include:
- upgrades
to improve accessibility, including handrails, grab bars, walk-in bathtubs
and wheel-in showers;
- wheelchair
ramps, lifts and elevators;
- motion-activated
lighting; and
- certain
renovations to allow a first-floor occupancy or secondary suite for a
senior relative.
The maximum credit will be $1,000 annually,
calculated as 10 per cent of eligible expenditures. The credit will
be available to individuals who incur eligible expenditures on or after April 1, 2012. The credit can
be claimed by seniors, whether owning or renting, or who share a home with a
senior relative.
For more information on these home renovation
incentives and other home investment paybacks, contact HomeForce: http://www.homeforcebc.ca/
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