Save More Money Now

Previously, I wrote a post (entitled Save Money Now) about the ways a person can save money if they are interested in upgrading or retrofitting a home with energy efficient materials and/or appliances. With a combination of federal government rebates and federal renovation tax credits, a person can save substantial money on the renovations of their existing property. Well, the news for Alberta residents just got better. The Alberta Provincial Government just announced a 36 million dollar investment in an energy rebate program. The program is similar to the federal ecoEnergy program, which aims to increase the efficiency of Canadian homes and reduce green house gas production. The Alberta program will be administered by Climate Change Central, an Alberta based non-profit organization. Cost savings include $400-$600 off the cost of upgrading to a high efficiency furnace and $250-$300 off the cost of upgrading a hot water heater. So, if a person was to buy a high-efficiency furnace at $4000 and take advantage of all of the possible provincial and federal rebates and tax credits, the real cost of the furnace would be approximately $2550! A summary of all available provincial, federal and municipal rebates and tax credits, regarding home renovations, are available on the Rebate Programs page of mirandamoser.com.

As always, visit my Calgary Real Estate website for further information regarding the Calgary Real Estate market.