There are many reasons to buy homes that are eco-friendly or do renovations that are eco-friendly. One great reason, other than saving the environment, is the rebates, grants, refunds and savings available.
Eco-Friendly grants and rebates through both federal and provincial governments include up to $7000 through the Natural Resources Canada ecoEnergy Retrofit program which rewards homeowners for their energy efficient renovations. There is a $5000 grant for retrofit through the federal government and up to $5000 provincially.
Many Alberta homeowners are willing to do these energy saving renovations if they get refunded or can acquire the grants to do so. This shows the environmental awareness of Alberta citizens and the need for increased savings, not only to the environment but monetary as well.
These types of retrofit renovations include upgrading roofing, siding, insulation, windows, furnaces, hot water tanks and tankless hot water systems. Other more complex upgrades may include geothermal heating, wind turbines and solar power. The latter two are are eligible for buy backs from utility companies when there is extra power generated and given back to the grid.
Other benefits of eco-friendly homes are the year over year savings on utilities. Within the first year after renovation, homeowners will see up to 40% reductions in their utility bills. That can add up to hundreds of dollars in savings a year. Upgrading appliances can save homeowners even more. An energy star rated washer or dishwasher uses less water than older ones. Energy star rated dryers, fridges, and ranges pull less power to operate.
Lighting is another small change that can make a big change to the energy bills. LED bulbs use less power than the standard incandescent bulb with 85% more energy savings and can last 25x longer than traditional bulbs. CFL bulbs are another choice for energy savings and last 10x longer than incandescent. CFL bulbs need to be recycled and handled carefully, but many home improvement stores have bins set up for this purpose. Eco-Incandescent bulbs are a third option and can last longer than traditional bulbs.
While the goal for many is to reduce their carbon footprint, others find a bonus in the pocketbook as well with reduced bills, and acknowledgment of their eco-friendly decisions.
To view eco-friendly homes today, or to find ones to make eco-friendly, call the Real Estate Girls today! (403) 617-2979