Rebates and Discounts: Investigate Before You Renovate

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When planning home renovation projects, it’s wise to investigate your eligibility for rebates, discounts and other incentives which may help you to reduce your overall costs.

Among the most common programs available to homeowners are those promoted by the government in support of conserving energy as well as the environment.

While installing a modern energy-efficient HVAC system will definitely save you money in the long run, it is an expensive initial investment. Therefore, it makes sense to determine whether there are government sponsored programs that will reward you when you’re ready to make that initial investment.

As well, some manufacturers, retailers and contractors might promote their products and services at special prices in support of such incentives. They might even help you with rebate applications.

Of course, you will need to do some research into such programs. However, it’s better to know before your renovation than to find out afterwards that you may have missed out.

Listed below are 5 tax credits and/or rebates you may be able to take advantage of in 2019:

Save on Energy Rebates

the Save on Energy program supports homeowners with rebates on the purchase of ENERGY STAR certified appliances.

Visit Enridge Smart Saving website, where you will  find the list of Registered Energy Advisors in Ottawa

Home Energy Conservation (HEC) Program:

This program assists Ontario homeowners improve the energy efficiency of their home through $1600 worth of incentives. The program is run by Enbridge and includes a variety of eligible appliance, HVAC and home energy updates.

Visit Enbridge Smart Savings where you will be prompted to answer a few questions to see if you are eligible for any incentives.

HST New Housing Rebate

If you are planning a major renovation, home addition or converting a non-residential property into a home, you may be eligible for up to $30,000 HST rebate.

Visit Canada.ca to research the full program eligibility details on the HST new house program.

Home Accessibility Tax Credit (HATC)

The HATC is a non-refundable tax credit that helps support seniors and individuals with disabilities who may be eligible for up to $10,000 in rebates on accessible renovations for their home.

You can read more about the HATC program and how to apply on the Canada.ca website.

Residential Protective Plumbing Program (RPPP)

The RPPP provides over $2,000 in rebates to basement flood prevention equipment including backwater valve installation, sump pumps and building permits for the renovation activities.

Further details on eligibility for the RPPP can be found here.



XO
Dawn

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Source: ©Morris Real Estate Marketing Group & The Bytown Team; Renco Home Improvements



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