Ottawa homeowners receive funding for retrofits to lower energy costs.

As the economy and environment change, homeowners are looking to alternatives in investing with retrofits.

With almost %13 of Canada’s green house gases emissions coming from the operating of real estate.

Retrofits are a good solution for making homes more energy efficient and liveable. Certain upgrades help reduce energy costs and environmental footprint. However, the initial cost of the investment can be a barrier to making these improvements.

The Federation of Canadian Municipalities’ Green Municipal Fund encapsulated over $12.2 million in funding. As well as an investment with Vancity Community Investment (VCIB) bank of $33.9 million.

The City of Ottawa launched the Better Homes Ottawa Loan Program which offers 20 year, low interest loans starting from $15,000 up to $125,000 for residential homeowners who are looking to make retrofits or do renovations on their property. The loan can be repaid as a local improvement charge attached to their property tax bill. Eligible upgrades include:

• New Windows

• New Doors

• New Heat Pumps

• New HVAC appliances

• Solar additions

• Geothermal technology

There are a numebr of different programs and options available. Connect with us today to discuss how your property can become more energy efficient and save you money.