Is it time to renovate your home? But wait! Before you call the container service to ditch your old heating system or windows that are constantly fogged up, it’s important to find out what the Québec Government offers homeowners in terms of programs and tax credits*. With these, you can save a lot of time and money!
This program gives financial aid for owner-occupied homes. Homeowners with low-to-modest incomes that live in rural areas can benefit from a grant of up to 95% of the work to be carried out (with a maximum of $12 000). This program caters to the needs of small municipalities. Find out about how you can qualify.
Éconologis is not exactly a program that provides financial assistance; rather, it is an energy efficiency program for low-income households. It allows homeowners to take advantage of free, personalized advice and have electronic thermostats installed free of charge. Making your home more energy efficient can help you to substantially save on costs each year. It is definitely a program to consider!
Do you have a heating system or water heater in your home that uses oil? Are you thinking of replacing it with a more efficient system that pollutes less? Chauffez vert is a financial assistance program for the replacement of fossil-fueled systems with systems that use electricity or other renewable energy sources.
* These government programs are subject to change. Always refer to the respective websites of these programs before starting your renovations. Multi-Prêts is not responsible for these programs.
Remember: tax credits and grads are not mutually exclusive; you can take advantage of more than one program at a time! Be sure, however, to learn more about each program’s eligibility requirements.
For example, you can receive financial assistance from Rénoclimat for renovations that will improve your home’s energy efficiency as well as get a tax credit from RénoVert for 20% of the portion of your eligible expenses over $2500. And, if you are replacing your heading system that uses oil, you can also apply for the Chauffez vert program!
Moreover, don’t forget to talk to your mortgage broker to find out how you can finance your home renovations.