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Tax Breaks for Green Homes


Blog by Claire LeLacheur | November 25th, 2008


Did you know that home Buyers in Vancouver get tax breaks from the government who green their homes?

 

In the 2008 Budget the BC government announced its new plan to offer sales tax exemptions for energy star qualifies appliances, windows, doors, skylights and home heating equipment for water tanks, weather stripping, caulking, and window insulation and energy efficient home heaters.

 

The city of Vancouver has also established a program called One Day to help residents qualify for rebates that offset the cost of a green retrofit.

 

Here is how the One Day Program works:

 

  1. Call a certified energy advisor to asses your home. For a one time cost of $150, the advisor will conduct an on site walk through assessment of heating, hot water, windows, doors, ventilation, insulation and overall home air leakage. They will also prepare a customized report with suggested upgrades.
  2. Choose which upgrades are right for you. Make improvements within 18 months of your assessment.
  3. Arrange a follow up energy assessment. You will have to pay $150 for this assessment as well, but as long as the second assessment proves that your home is more energy efficient, you will get a $150 rebate to cover the cost of the second assessment. The certified energy advisor will submit the paperwork on your behalf.
  4. Receive money within three months of completing these steps. You’ll receive one cheque from LiveSmart BC and another from ecoENERGY.

 

For more info rmation on the One Day program visit www.onedayathome.ca

 

You can also visit www.livesmartbc.ca

 

 

Vancouver Realtor Vancouver Real Estate Home Buyer Buy Vancouver Home Buying a Home Selling a Home Home Renovations Claire LeLacheur