2 Ontario Power Programs that Can Save You Money!

Toronto Real Estate - Money Saving Tips

1   We often see old refrigerators and freezers in clients’ basements when we are given a pre-listing tour. Why not get rid of that “dinosaur” and save up to $125 a year in energy costs. The Ontario Power Authority will pick-up and dispose of full-sized refrigerators and full-sized freezers. They must be: between 10-27 cubic feet, in working condition (plugged in 24 hrs prior to pick up) and15 years of age or older. Call 1-877-797-9473 or go online to register and view eligibility requirements at https://saveonenergy.ca/Consumer/Programs/Appliance-Retirement.aspx

2   Ontario Power is also offering an attractive HEATING & COOLING INCENTIVE, available for residents and businesses in Ontario who have purchased and installed eligible replacement central heating or cooling equipment through a participating contractor.

• $250 incentive when you have an existing furnace replaced with the purchase and installation of a high efficiency furnace equipped with an Electronically Commutated Motor (ECM)
• $250 incentive when you have an existing central air conditioner (CAC) replaced with the purchase and installation of an ENERGY STAR qualified CAC system (NOTE: ENERGY STAR qualified criteria = minimum 14.5 SEER and 12 EER )
• $400 incentive when you have an existing CAC replaced with the purchase and installation of a stand alone CEE “Tier 2” level central air conditioning system

Details are available at: https://saveonenergy.ca/Consumer/Programs/HVAC-Rebates.aspx 
The Ontario Power program runs until the end of the year.

Note: The ecoENERGY Retrofit set to expire March 31, 2012 has been Cancelled Early by the Tories. Those who applied prior to the cancelation will receive the rebate providing they have met al of the program requirements.

Central Mortgage and Housing (CMHC) has added environmentally friendly features to the Mortgage Loan Insurance it offers. 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, a 10% refund on the Mortgage Loan Insurance premium may be available. Visit http://www.cmhc.gc.ca/en/co/moloin/moloin_008.cfm