Making the Most of Your Upgrades
Nova Scotia Power Rebates
Nova Scotia Power has introduced rebates to help reduce the amount of electricity used new homes. To be eligible for any of the Nova Scotia Power rebates, the completed home must have a final EnerGuide rating of at least 80. Please be advised that Nova Scotia Power is not providing a separate rebate cheque. Electrical rebates will be combined in a single provincial rebate cheque. For more information, click here.
Home Renovation Tax Credit (Federal)
Only available for the 2009 tax year.
The Home Renovation Tax Credit* is a non-refundable tax credit based on eligible expenses for improvements to your house, condo or cottage. It can be claimed on your 2009 income tax return. It applies to eligible purchases made after January 27, 2009, and before February 1, 2010. The HRTC applies to eligible expenses of more than $1,000, but not more than $10,000, resulting in a maximum non-refundable tax credit of $1,350 [($10,000 - $1,000) × 15%]. For details of the HRTC program, click here.
*Subject to Parliamentary approval.
Solar Air Heating Rebate
Conserve Nova Scotia provides a 15% rebate of the installed cost of a solar air heating system for residential use. The maximum provincial rebate is $20,000. Rebates that exceed $20,000 may be considered and applicants may apply in advance with a detailed project description. Rebates exceeding $20,000 must be pre-approved, and will be provided based on available funding.
For details on the Solar Air Heating Rebate program, click here.
Solar Air Heating Rebate
Conserve Nova Scotia provides a 15% rebate of the installed cost of a solar air heating system for residential use. The maximum provincial rebate is $20,000. Rebates that exceed $20,000 may be considered and applicants may apply in advance with a detailed project description. Rebates exceeding $20,000 must be pre-approved, and will be provided based on available funding.
For details on the Solar Air Heating Rebate program, click here.
EnerGuide for New Houses
The EnerGuide for New Houses program is an unbiased home energy analysis tool developed by the federal government. It helps homeowners make better energy choices when they build. Homeowners can compare monthly energy savings against the extra monthly mortgage costs of making energy efficiency upgrades. The EnerGuide rating is based on a scale of 1-10 0. The higher the rating, the more efficient the home. This program helps you and your builder identify energy efficient options before construction that will reduce your ongoing energy costs once your home is finished. For more information on this program, click here.
R2000 Homes Rebate
The owners of an R-2000 certified home with an EnerGuide rating of 83 or more will receive a $1,000 rebate. R-2000 homes registered after July 1, 2009, are eligible for rebates for electrical energy efficiency measures and time of use heating systems.
In addition, the Canadian Mortgage and Housing Corporation (CMHC) offers a 10% rebate on the premium of your mortgage loan insurance if your home is either an R-2000 home or has an EnerGuide rating of at least 77. For more information about R2000 Rebates, click here.
