Incentives of a Green Home

Incentives of a Green Home

Are you wondering what the incentives are of a green home? There are several government, utility and other incentives to encourage homeowners to green their homes. These include, but aren’t limited to, the following information. Check with your local municipality, regional district and utilities for additional incentives.

Residential Retrofits and Renovations

ecoENERGY Efficiency for Housing
The ecoENERGY Efficiency program is investing $195 million between 2011 and 2016 to maintain the Government of Canada’s momentum to improve energy efficiency in Canada — at home, at work and on the road. The ecoENERGY Efficiency for Housing program is part of the Government of Canada’s strategy to advance clean energy solutions. This program encourages the construction and retrofit of low-rise residential housing, making the stock more energy efficient.

FortisBC clients renovating homes may be eligible for bill reductions of up to $1,500 for installations of ENERGY STAR windows, heat pumps or insulation. Those replacing an aging water heater with an ENERGY STAR model may be eligible for a rebate of up to $1,000. Non-electrically heated homes also qualify for some incentives. Other rebates and incentives are also available.

Vancity Credit Union Home Energy™ Loan will help homeowners make energy-saving renovations to their homes by leveraging the Home Energy Rebate Offer (HERO) program - a bright idea with many benefits. 

BC Hydro Fridge Buy-Back Program
BC Hydro will pickup and recycle your old, inefficient second fridge and give you $30 for it.

BC Hydro Power Smart Appliance Rebate Program
BC Hydro's popular Power Smart Appliance Rebate, for select ENERGY STAR® labelled clothes washers, dish washers, refrigerators and freezers, allows clients to save on efficient appliances.

Water Meter Program – Richmond
Encourages voluntary installation of water meters to promote water conservation. The program pays for meter installation.

Water Meter Program – Surrey
Encourages voluntary installation of water meters to promote water conservation. The program pays for meter installation.

Water Conservation Program - Sunshine Coast Regional District (SCRD) 
The goal of the SCRD's Water Conservation Program is to reduce the rate of drinking water consupmption by promoting water efficient practices and technology.

City of Vancouver Home Energy Loan Program (HELP)
Vancouver homeowners can qualify for up to $7,000 in government rebates, and borrow up to $16,000 through Vancity at a 4.5% fixed interest over ten years to complete select home energy upgrades.

City of Vancouver Water Saver Kits
Vancouver residents can purchase water saving kits at a reduced price ($12 each), plus tips to use water more efficiently in the home and garden. 

New Residential Construction

Power Smart New Home Program
The most cost-effective way to save energy in the home is to build with an energy-efficient design. BC Hydro may provide builders who build to EnerGuide for New Houses standards: financial incentives when available and where appropriate; promotional opportunities and funding; and Power Smart branding for the home.

Canadian Mortgage and Housing Corporation (CMHC): Energy Efficient Mortgage Loan Insurance Refund
A 10% CMHC mortgage loan insurance premium refund may be available when you use CMHC-insured financing to purchase an energy-efficient home or make energy-saving renovations.

Multi-Unit Residential Buildings

For other Canadian incentives, visit Natural Resource’s Office of Energy Efficiency  site here.

Visit Metro Vancouver’s BUILDSMART site for incentives related to these categories:

  • commercial, institutional and industrial new construction
  • municipal or federal new construction
  • commercial, institutional and industrial retrofits and renovations
  • municipal or federal retrofits and renovations
  • non-profits and charitable organizations new and retrofits

In the US visit the Environmental Protection Agency site for national, state and local incentives.

Green Financial Services

Canadian Mortgage and Housing Corporation (CMHC): Energy Efficient Mortgage Loan Insurance Refund
A 10% CMHC mortgage loan insurance premium refund may be available when you use CMHC-insured financing to purchase an energy-efficient home or make energy-saving renovations.

TD Canada Trust provides customers with a Green Banking option as a Net-Zero Energy Branch for home financing, investing and for business. TD's Green Banking option allows customers to help reduce their operational banking footprint and, through the TD Friends of the Environment Foundation, help support grass-roots community projects.