We understand that replacing your roof can be expensive, but we don’t think you need us to explain how not fixing your roof can be even more expensive in the long run, so we are here to share our top money-saving hacks! We are going to break down the rebates available throughout Canada and also right in Calgary, AB – and you may even save up to 90% off your new roof or other home upgrades!
Manufacturer Defects and Insurance Coverage
Manufacturer defects are common and they will send you compensation based on a pro-rated scale or lifetime scale, depending on the type and age of shingle. Many homeowners are also unaware of insurance coverage, especially in Southern Alberta. Many Calgary homes have hail damage that looks like regular wear and tear, as well as blown off shingles that are discontinued and cannot be matched; resulting in compensation of up to 90%.
Energy Efficiency Upgrades
If you are updating your furnace, completing any basement renovations or doing an HVAC upgrade, you may be entitled to Energy Efficiency Upgrade Rebates. Visit saveonenergy.ca and fill out the contact form to receive a call back from the program service provider within two business days to find out if you qualify. You can also book a Home Energy Assessment from companies like enbridgesmartsavings.com to get money back for home upgrades. For example, if your home is drafty, you can lower your gas bill by up to $5,000 back for window upgrades, extra insulation and more. In addition, your home will be much more comfortable. There is also a one-time credit available to write off up to 30% of any solar, geothermal, wind, and fuel cell technology costs to make your home more energy-efficient.
New Housing Rebate
You can qualify for up to $30,000 when building your new home or making significant upgrades to your existing one through the HST Housing rebate. This is available through canada.ca and covers construction costs incurred from building a house, adding a major addition to a home, rebuilding a home that was destroyed by a fire, or converting a non-residential property into a home. This rebate is even available if you contract someone else to build or perform any renovations. There is a stipulation that once the renovations are completed, your home should still have a market value of less than $450,000.
CMHC Green Home
If you use CMHC-Insured Financing to buy, build or renovate for energy efficiency then you may be entitled to receive a 15% rebate for building a home to Energy Star Standards. If you are able to upgrade your renovation to R-2000 building standards, then you may qualify for a rebate of up to 25%. This also translates to saving money on your electrical bill and on your mortgage insurance premiums.
Sagen (Formerly Genworth Canada) Energy-Efficient Housing Program
If you meet the prescribed minimum Natural Resources Canada EnerGuide requirements and fund it through a SAGEN Canada insured mortgage, then you can receive a 25% rebate when building your home. You will need to provide energy evaluation reports both before and after the renovations to demonstrate that you will save on energy once you’ve replaced your windows, installed a smart thermostat, etc.
EEA: Energy Efficiency Alberta, Provincial Rebate Program
Albertan homeowners who are looking to improve the efficiency of their home can qualify for rebates through EEA, Energy Efficiency Alberta, saving both the environment and your money. You can save up to $1,500 on new windows, $1,000 on a tankless water heater, up to $3,500 on new insulation and as much as $100 on energy-efficient appliances like refrigerators, dishwashers and smart thermostats.
Seniors Home Adaptation and Repair Program (SHARP)
Senior citizens looking to make renovations to their primary residence can receive a loan of up to $40,000. Applicants must own at least 25% of their primary residence, and the maximum household income is $75,000. See more information here!
Whether you are a first-time homebuyer, looking to make some green-friendly renovations, or are a senior citizen, you may be entitled to multiple rebates.
Contact us today to start planning how you can make your house more energy-efficient, and help save both the planet and your bank account!