Wondering how to finance your energy saving upgrades? Through Vancouver’s Home Energy Loan Program (HELP) Vancouver homeowners can access low-interest loans of up to $16,000 for energy saving upgrades, including:
How Does It Work?
Interested homeowners book an energy assessment with a Certified Energy Advisor to get a retrofit plan, and then receive loans, complete upgrades, access rebates, and start saving on their energy bills right away. Loan repayments are made through the City of Vancouver. For more details, see the Home Energy Loan Program website.
Will I Save Money?
The City of Vancouver has selected upgrades for this program based on their demonstrated energy saving potential. After upgrades, your home will be more energy efficient, so your utility bills should shrink.
All Vancouver homeowners with no outstanding tax bills or liens on their property and who intend to make select energy efficiency upgrades to their single family homes and duplexes can apply for the Home Energy Loan Program. Loans are subject to approval by Vancity.
To book a home energy assessment with City Green, contact us online (link) or by phone at 604.255.5734. For Cantonese service, call 604.255.5734 x. 124. For Mandarin service, call 604-999-7932.
You might acquire a depreciable property such as a building, furniture, or equipment to use in your business or professional activities.
You cannot deduct the cost of the property when you calculate your net business or professional income for the year.
However, since these properties wear out or become obsolete over time, you can deduct their cost over a period of several years. The deduction for this is called capital cost allowance (CCA)
For more information please see the Claiming Capital Cost Allowance (CCA) webpage.
Metro Vancouver residents are eligible to receive a rebate for trading in their old uncertified wood burning appliance for a new low emission appliance.
The rebate amount is:
Step 2 – Shop
When you are ready to shop for your new low-emission appliance, visit a participating retailer (see section below) to arrange purchase.
Step 3 – Obtain permits
Contact your municipality about obtaining a building permit for the installation of your new appliance. Also, before you exchange your old wood burning appliance, it is recommended that you contact your insurance company to find out if there are any savings associated with the exchange of your old appliance. Also, you may need to confirm if your insurance company imposes any additional requirements, such as an inspection by a WETT (Wood Energy Technical Training) certified technician, for the installation of the new appliance.
Step 4 – Fill out paperwork and disable & recycle your old appliance
Your retailer will help you to fill out the necessary paperwork and also with the disabling & recycling of your old wood appliance. If preferred, residents can disable and recycle their old appliance on their own, however, prior to beginning these steps you must contact the Metro Vancouver Coordinator or your retailer for important information on the proper procedure.
Step 5 – Receive your rebate
The rebate amount is:
The retailer will help you ensure all the required paperwork and documentation is forwarded to Metro Vancouver for verification and processing. Please note that it may take up to 8 weeks, once the completed paperwork has been submitted, before you receive your Metro Vancouver rebate cheque via Canada Post.
BC Hydro and FortisBC have teamed up to help provide you with a $75 rebate for purchasing an ENERGY STAR washing machine. In addition to that, you could save money on your energy bills, because ENERGY STAR models use less mechanical energy and less water.
To learn about the application process and find out more information, please go to either the FortisBC ENERGY STAR Clothes Washer Rebate webpage, or the BC Hydro Power Smart Appliance Rebate Program webpage.
Purchase an EnerChoice fireplace between June 1, 2011 and May 31, 2012 with an EnerGuide™ label that tells you how energy efficient it is, and you could be eligible for a $300 rebate from FortisBC.
For more information, please visit the EnerChoice Fireplace Program webpage.
FortisBC is also still accepting applications for the $150 rebate for qualifying fireplaces purchased and installed between July 1, 2010 and May 31, 2011.
Step 1. Review the terms & conditions.
Step 2. Purchase an eligible EnerChoice fireplace and have it installed by a gas contractor registered with the BC Safety Authority (BCSA). You can find a list of retailers at enerchoice.org.
Step 3. Complete the application form and include copies of the invoice showing details of all worked performed, including the date of installation, make and model.
Step 4. Send us the completed application and invoice to:
EnerChoice Fireplace Program
FortisBC
P.O. Box 9090
Surrey, BC, V3T 5W4
Step 5. If you qualify, FortisBC will mail you a cheque for $300. Please allow a minimum of 90 days to process.
Change your oil or propane heating system to natural gas, and install a new ENERGY STAR rated high efficiency heating system and you may qualify for a $1,000 cash rebate.
Also, you could be eligible for $50 more with an electronically commutated motor (ECM), with the rebate being supplied by either BC Hydro or FortisBC PowerSense.
Includes a forced air furnace with an AFUE rating of 90 per cent or higher, a boiler with an AFUE rating of 85 per cent or higher, or a condensing combination system used for both space and water heating.
Please see the application form for more details.
You can combine this incentive with the LiveSmart BC grants.
Available at the Township's Civic Facility, Operations Centre, or your local Recreation Center.
For more information, contact the Engineering Department at 604-532-7300 or enginfo@tol.ca.