Carson
Dunlop Reports
Saving
Money While You Save The Planet!
By Alan Carson, November 27, 2007
Saving energy now makes a lot more financial sense, because several levels
of government and several utilities are participating.
Government & utility
goals
1. Reduce greenhouse
gas emissions to help minimize climate change
2. Conserve energy and water
Consumers’ goals
1. Minimize capital
spending, as well as fuel and utility costs
2. Maximize home comfort
3. Do the right thing for the planet.
The goals are
more closely aligned than ever before. The cornerstone is the ecoEnergy
program, a Natural Resources Canada initiative. Significant cost
savings are now available to Ontario homeowners. While there are
many programs and incentives, this partial list includes the highlights
that we believe provide the greatest return on investment.
Heating and cooling
-
$1,350: 92%
AFUE gas furnace with DC variable speed motor: $500 (Federal) plus
$500 (Provincial) plus $100 from Enbridge plus $250 from Ontario
Power Authority (Cool Savings Rebate)
-
$1,200: 85%
AFUE gas or oil boiler: $600 plus $600 plus $100 from Enbridge
if gas
-
$1,000: 85%
AFUE oil furnace with DC variable speed motor: $500 plus $500
- $900: Replace
conventional air conditioner with high-efficiency air-conditioner:
$200 plus $200 plus $500 from Ontario Power Authority (Cool Savings
Rebate)
Note: Some equipment
manufacturers also offer rebates.
Insulation
- $2,000: Insulate
all your basement walls up to R-23: $1000 plus $1000
- $1,600: Insulate
all your crawlspace walls up to R- 23: $800 plus $800
- $200: Insulate
the joist header space at the top of foundation walls
- $1,200: Upgrade
attic insulation from R-12 or less to R-50: $600 plus $600
- $1,200: Upgrade
flat or cathedral roof insulation from R-12 to R-28: $600 plus $600
Note: Smaller grants
are available if existing insulation levels are higher, if you add
less insulation or if you can only insulate in some areas.
Conserving water
- $160: Replace
toilet with low flush toilet: $50 plus $50 plus $60 from City of
Toronto
- $175: Replace
toilet with dual flush toilet: $50 plus $50 plus $75 from City of
Toronto (Dual flush toilets use different amounts of water for different
types of waste.
No PST!
1. There
is a PST rebate until January 2010 for renewable energy installations.
2. Energy Star appliances are subject to a retail sales
tax exemption in Ontario from July 19, 2007 to July 20, 2008. This includes
refrigerators, dishwashers, clothes washers, freezers, dehumidifiers, room
air conditioners, and qualifying ENERGY STAR light bulbs and decorative light
strings.
Three step
process:
-
Step
1: Get an energy audit. The cost is ~ $300. You get
$150 rebate from the government. The report will tell you where
you can save energy in your home. (Many suppliers are paying
the cost of the audits.)
-
Step
2: Make your improvements.
-
Step
3: Get a second (verification) audit done. The cost
is typically $150 and the auditor will help complete the grant
application.
The fine
print
- Maximum grants
levels:
- $5,000
- Ontario Ministry of Energy
- $5,000
- Natural Resources Canada
- The Cool Savings
Rebate program from Ontario Power Authority is scheduled to end December
31, 2007.
- These numbers
are for single-family homes. There are different numbers for multiple
unit residential buildings.
- Equipment and
appliances must meet certain energy standards. Lower grants are available
for lesser equipment in some cases.
Where to
go for the information you need
|