CO2RE Financial Incentives
We provide a list of financial incentives available to those in the Edmonton area for various sectors. Note: These are not all CO2RE incentives, but rather a listing of what is available. For more information on non-CO2RE incentives, please contact the organization associated with the incentive program.
Financial Incentives for the Residential Sector
Insulation Rebate
CO2RE is offering an incentive for insulation upgrades with a rebate of up to $250. This rebate, available to Edmonton residents, piggybacks on the province’s insulation rebate that offers up to $8,000. Program restrictions apply.
Edmonton Solar-Electric Pilot Program
In response to greater demand for responsive technologies and focused approaches to reducing CO2 emissions, the City of Edmonton introduced a short-term solar-electric pilot program that offered a limited number of rebates for home and business owners interested in installing solar-electric systems to generate electricity.
New Provincial Rebates
The province, through Climate Change Central, is investing $36 million in consumer rebates to help Albertans reduce their greenhouse gas emissions. As part of the three-year program, retroactive to January 1, 2009, rebates are available to existing homeowners who improve their energy efficiency and to new home buyers who purchase energy efficient homes.
CMHC mortgage loan insurance premium refund
If you use CMHC insured financing to buy an energy-efficient home, purchase a house and make energy-saving renovations or renovate your existing home to make it more energy-efficient, you may qualify for a 10% refund on the Mortgage Loan Insurance premium. You could also have the added flexibility of a longer amortization (the period of time required to repay your mortgage) from 25 years to a maximum of 40 years, significantly reducing your monthly payments.
Genworth Energy-Efficient Housing Program
Homebuyers purchasing an energy-efficient home, or refinancing an existing home to make energy-saving renovations with Genworth-insured mortgages, are now eligible for a 10% premium refund. Genworth is making the program available on loans with up to 40-year amortization periods at standard mortgage insurance premium rates.
TD Green Mortgage and Home Equity Line of Credit (HELOC)
TD Canada Trust is offering 1% off the posted interest rate on a five-year fixed rate mortgage or on a five-year fixed rate portion of a HELOC. They will also rebate up to 1% of the amount of the mortgage or the fixed rate portion of the HELOC when you make ENERGY STAR® qualified purchases, and at the time you receive your rebate, TD Canada Trust will donate $100 to the TD Friends of the Environment Foundation.
TD Meloche Monnex Green Wheel™ Discount
TD Insurance offers 10% off of your total automobile insurance premium, up to a maximum of $5,000, on recognized hybrid vehicles.
Found an error? Know of an incentive or rebate not listed here? Let us know at co2re@edmonton.ca!
For more information:
Carbon Dioxide Reduction Edmonton (CO2RE)
Suite 750, Tower I Scotia Place
10060 Jasper Avenue NW
Edmonton, Alberta T5J 3R8
| Telephone | In Edmonton: 311 |
|---|---|
| co2re@edmonton.ca |
