The Canadian government both federal and provincial offers grants, and other financial incentive, like tax credit and rebates. These grants are available to anyone whose renovation involves energy upgrading. All products energy star rated for example windows, and appliances, and fixtures, vehicle are all-eligible for ecoEnergy or the ecoAuto programs.
The programs will financially assist homeowners of single-family homes including detached, semi-detached and low-rise multi-unit residential buildings. These grants allow homeowners to offset the cost of renovation that reduces the energy consumption of the home. The extension of the program from 2007 into 2008 and now 2009 has proven that Canadian's are taking advantage of these incentive programs.
Since the begining of this ecoEnergy in April of 2007 the Canadian goverment have processed $58 million in ecoEnrgy grants. Now in 2009, an additional $300 million will be added to ensure that the program continues. Programs like these will aid Canada in meeting it environmental and green economy goals.
Owning a single family home doesn't make you automatically eligible for government grants, there are other criteria. In addition to owning the home, all homeowners must have an energy efficient assessment conducted by a certified energy auditor.
The issuance of the grants to eligible homeowner who have had an energy assessment completed on their home before and after renovation may received a maximum of $5000 from the government (provided all conditions are meet).
In addition most provinces in Canada have implemented complimentary programs which matches the federal government $5000. So in total all homeowners would be eligible for up to $10,000 in grants on energy efficient renovation. Homeowners benefit from a 25% reduction on the cost of energy efficient renovation. There is more assistance coming from the government in the form of a Tax Credit.
Once an energy efficient assessment on you home have be conduct, the following year homeowner are allowed up to a maximum $1350 in tax credit. This is about a 15% tax credit on the portion of the renovation, which has improved the home energy usage.
If you'd like to know more about these ecoEnergy programs and how you can benefit from them here's where I got informed.
For information on tax credit
For construction permit floor plan that get approved visit http://www.reading-detailing-house-plans.com
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