As energy costs continue to rise it becomes essential that we build or renovate our homes to the minimum levels recommended by CMHC and ensure an airtight building envelope. It is only then will we be able to truly be able to achieve the least amount of energy use. All levels of Government are responding and assisting with various incentives, rebates, in-home energy evaluations and educational publications.
As homes and HVACR products become more efficient the overall energy consumption decreases. As this occurs, many times the energy savings can cover the costs of financing. The Return On Investment (ROI) can be 12-18% compared to typical interest earned in a savings account from 0.20-3.5% and its not taxable earned income. Not bad. There may also be added financial assistance programs initiated by Federal or Provincial Governments, local Utility Companies or Manufacturer's that you could access.
Make your money work for you today by checking out the two links that we have provided.
The Energy Finance Plan (EFP)
The Energy Finance Plan is for homeowners who want to upgrade their furnaces, air conditioners, electrical services, etc using products that do not qualify for the Power Smart Residential Loan.
Manitoba Hydro's Energy Finance Plan
Power Smart Residential Loan
The Power Smart Residential Loan is for homeowners who install the energy efficient products. I.E. Energy Star rated furnaces 90+%. The benefits are reduced energy use and lower financing rate.
Manitoba Hydro's Power Smart Residential Loan
Lower Income Energy Efficiency Program
Qualified lower income households are eligible for energy efficient retrofits that will:
- Save energy
- Lower energy bills
- Improve home comfort