1 Low Interest Renovation Loans
Financial institutions offer ‘green’ loans for home owners making energy efficient upgrades. Vancity’s Bright Ideas personal loan offers home owners up to $20,000 at prime + 1% for up to 10 years for ‘green’ renovations. RBC’s Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 rebate on a home energy audit on a fixed rate installment loan over $5,000.
For information visit your financial institution.
www.vancity.com/Loans/ TypesOfLoans/BrightIdeas and www.rbcroyalbank.com/products/ personalloans/energy-saver-loan. html
2 Energy Conservation and Assistance Program (ECAP)
BC Hydro and FortisBC offer free energy assessments and energy saving products to low-income customers. Qualified contractors will install upgrades ranging in value from $300 to $5,000 depending on the need of the home.
www.bchydro.com/powersmart/ residential/ps_low_income/ energy_conservation.html and
www.fortisbc.com/NaturalGas/ Homes/Offers/EnergyConservationAssistanceProgram/Pages/ default.aspx
3 Energy Savings Kit Program
BC Hydro and FortisBC offer low-income customers a free energy saving kit containing products to help save energy and money.
www.bchydro.com/powersmart/ residential/ps_low_income/ energy_saving_kits.html and
www.fortisbc.com/NaturalGas/ Homes/Offers/EnergySavingKit/ Pages/default.aspx
Source: The Real Estate Board of Greater Vancouver