Renovation Incentives - Tax Credits and Eco Incentives

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Provincial LiveSmart B.C.

Please review the following update from LiveSmart BC.

The LiveSmart BC: Efficiency Incentive Program has now reached its three-year target of 40,000 initial home energy assessments in only 15 months. The $60-million program is now fully committed and as such, will no longer provide incentives to new participants, effective end of business Aug. 15, 2009.

All homeowners who entered the LiveSmart program by having their pre-retrofit home energy assessment performed prior to end of business on August 15, 2009, and who complete their post-retrofit home energy assessment before March 2011, or 18 months after they had their first home energy assessment, will be will be eligible for the rebates and incentives outlined on the LiveSmart BC website.

For homeowners entering the program on or after August 16th, you remain eligible for the federal EcoENERGY program incentives, which have recently been increased by 25 per cent. New entrants are also eligible for a subsidy for their pre-retrofit home energy assessment. This subsidy is still under development and is subject to the continuing availability of funds.

For more information on the program, including inspection requirements and how the program can apply to your home, please go to the LiveSmart BC website for more information.

The best thing about these programs is just because you are eligible for one, doesn't mean you are not eligible for the others. Qualify for all three and claim up to the maximum amount. There has never been a better time to renovate in Vancouver. Contact us about your project!