Posts Tagged ‘home renovation tax credit’

February 1st, 2010 marks the end of the Home Renovation Tax Credit (HRTC). The program had an extremely successful run and provided those individuals with a one-year temporary 15% income tax credit up to $1,350 on eligible home renovation expenditures.

So you may be asking yourself, now that the HRTC is over what incentives do I have to renovate my home? For those of you who are interested in having upgrades done, their still is hope. The Federal ecoENERGY retrofit grants are available and you can save your money by undertaking renovations before the Harmonized Sales Tax (HST) takes effect!

Under the ecoENERGY Retrofit program, homeowners can qualify for 25% more in federal grants by improving the energy efficiency of their homes, and reducing their home’s impact on the environment. The maximum grant you can receive for a single family home is $5,000.

The HST is fast approaching with a scheduled date of July 1st, 2010. This means that starting July the BC Government will be combining GST and PST into one harmonized tax and your home upgrades will cost you 7% more for the PST that was not charged previously.

For more details check out our Offers and Incentives page, visit our showrooms or call 604.697.5700 for any questions you may have related to the HRTC, the HST or any other home upgrade questions you may have.

After an extremely successful run, LiveSmart BC has been completed. The program has reached its three-year target of 40,000 initial energy assessments in only 15 months and 11,000 homeowners have completed efficiency upgrades! We are proud to say that Homeworks was able to be a part of this program.

To clear up any confusion you may have, anyone having their initial ecoENERGY “D” assessment done before August 16th, 2009 are still eligible for LiveSmart BC grants in the program. Also, for homeowners who have completed their energy efficient upgrades, and have their ecoENERGY “E” assessments completed within 18 months, you still qualify for the LiveSmart BC rebates and incentives.

For those of you who are interested in having upgrades done, their still is hope! The Federal ecoENERGY retrofit grants and the Home Renovation Tax Credit are still available! For more details, check out the Offers and Incentives page on our website.

LiveSmart BC was run with extreme success, demonstrating that the citizens of BC are people who care for the environment and will continue to do so in the future.

For any questions regarding LiveSmart, you can visit their website: www.livesmartbc.ca