The Federal Government’s Greener Homes Grant
Have you been thinking about making improvements to your home? Right now might be the best time to do it. The Greener Homes Grant has been introduced recently and is becoming very popular amongst Canadians and for a good reason. “The federal government’s Canada Greener Homes Grant is proving wildly popular after coming online less than a month ago.” The grant has $2.6 million to work with and is targeting 700,000 homes across the country over the next 7 years.
It will provide Canadians with up to $5,000 in order to help make energy-efficient retrofits. The retrofits will need to follow the EnerGuide standards. Jordan MacDonald, who is the president of a building performance consulting company in Atlantic Canada, stated “We’ve had a huge uptake since the program started. We have a team of energy advisors in New Brunswick and Nova Scotia. We were providing a similar service before the Greener Homes program, but we’ve seen a tenfold increase since the government launched it and we’re in the midst of increasing our staffing.”
Upgrades That are Covered
When it comes to what’s covered in the upgrades, they are included in a building envelope. This building envelope includes; installation, air sealing, replacing windows and doors with energy-efficient units, and air or ground source hear pumps. This will not only reduce costs but also helps to contribute to combating climate change.
The grant will also cover renewable energy such as photovoltaic panelling, which will regenerate electricity. In some cases this will even be feb back into the grid. These incentives are put in places to encourage us all to help make our planet a better place and why not start with your home. Making upgrades to your home also helps to add value when you’re ready to sell.
The Minister of Natural Resources, Seamus O’Regan said in a recent interview that “we worked with Statistics Canada on the model of the program—we think it’s about 110,000 direct and indirect local jobs in their communities. We’re also taking into account the recruitment, training and mentoring of up 2,000 EnerGuide energy advisors.”
Improve Your Home and Increase the Value
It’s true that making improvements to your home can increase the value. You’re helping to improve the value and in this case also the environment. When we talk about what we can do to help the planet we sometimes wonder how we can do more, this is a great place to start.
O’Regan also said that “any time you improve your home, one would think it increases the value, but you’re also going to see an increase in the literacy of this. People want to be able to do something to combat climate change, which seems so insurmountable that there is an appetite out there amongst Canadians to do their part. The only way this will work, aside from the fact that we’re talking about 1.5 megatons of greenhouse gas reductions beginning in 2027—that is sizeable—but in order for change to be expandable, I think people need to benefit from it and save money. This is not just about lowering emissions and creating good jobs, it’s also about lowering Canadians’ energy bills and that’s how it will be sustainable.”
There’s never been a better time than right now to make these improvements and then when you’re ready to list. I’m always here if you ever have questions about when it’s a good time to list and how we can work together to get the process started.
Contact Lori and Team Today
Have questions? You can contact Lori VanDinther and her team today if you’re interested in buying or selling your home. If you’re interested in learning what your home is worth, try our free home evaluation.