This new program could be worth $14K for homeowners

by Steve Randall01 Oct 2018

A new $24 million program has been launched in British Columbia to reward homeowners who improve their homes’ energy efficiency.

EfficiencyBC and its partners – the federal government, BC Hydro, FortisBC, BC Housing and many local governments - will provide up to $14,000 to homeowners who switch to high-efficiency heating equipment and to make building envelope improvements.

“This new program makes life more affordable by providing you with the financial incentives you need to make energy-saving improvements,” said Michelle Mungall, B.C.'s Minister of Energy, Mines and Petroleum Resources. “EfficiencyBC will help us lower greenhouse gas emissions while creating opportunities for people, including lasting good jobs through energy retrofits.”

As an example, a homeowner could get up to $2,000 to replace a fossil fuel heating system with an electric air-source heat pump; or $1,000 to upgrade windows or doors. They will also get free energy coaching and guidance on home energy upgrades.

Businesses can also benefit
Businesses are also able to access up to $200,000 to make their buildings more energy efficient. Funding includes help towards the cost of an assessment of potential energy savings.

“This program will help British Columbians save money by transitioning their homes and businesses to low-carbon solutions, while also creating more opportunities for the construction industry and building trades. The expertise B.C. businesses and tradespeople will gain through this program will drive innovation and ensure local industry is on the cutting edge of low-carbon construction."

More market update:

Industry news

Submit a press release


Do you do commercial deals?