Energy efficiency isn’t just a home renovation trend or political agenda—it’s a smart investment. Almost 20% of the energy consumed in Canada is used to run our homes. As a result, turning to energy-efficient alternatives and technologies for your next home renovation or home improvement project could be a big opportunity for you to save on energy costs now and far into the future.
We often associate energy efficiency with short showers, cold water and low-flush toilets. However, with modern technology efficiency, today often helps us to save money and energy, without sacrificing comfort or quality of living. In fact, with the new technologies available, energy efficiency can even enhance your quality of life!
Now, you might be thinking: Sure, an energy-efficient home improvement project would be great—if I were made of money. But don’t worry! If you’re an Albertan homeowner and would like to improve the efficiency of your home, there are some programs to help you spend less to achieve that goal.
1. Canada Mortgage & Housing Corporation (CMHC) Eco Products
If you bought a fixer upper and are making energy efficient renovations, or if your new home is already energy efficient, you can apply for a 25% refund on your CMHC insurance premium. Learn more and apply.
2. Sagen Energy Efficient Housing Program
Previously known as Genworth Canada, Sagen offers rewards to support homebuyers making environmentally friendly choices. Through the Sagen Energy Efficient Housing Program, people purchasing energy-efficient homes or making energy saving renovations are eligible for premium savings.
3. Clean Energy Improvement Program
Known as CEIP, this program helps residential and commercial property owners pay for energy efficiency and renewable energy upgrades by accessing long-term financing through their municipality. Unlike a traditional loan, repayment is made through your property’s regular tax bill. Check out the CEIP website for more information, including participating municipalities and active programs, among them:
As home renovation and home building experts, part of our job is making sure you know all the options out there for your project. If saving energy and saving on your utilities is something you’re interested in, we’d love to work with you to find the most energy-efficient and cost-saving appliances, technologies, materials, and methods.