Upgrading your home and making it greener and more energy-efficient offers many benefits. You’ll save on monthly bills and lower your carbon footprint. Buyers will also appreciate a greener, more efficient home if you plan to sell down the road. Part of the change involves working with a trusted company like Blackjack HVAC, one of the best HVAC companies in Kelowna. But a home rebate for green upgrades can really help with ensuring those changes are within your budget.
Rebate vs discount
Rebates and discounts may sound similar, but they are two different cost reduction benefits. Discounts are applied immediately when you purchase an item, which lets you pay less upfront. The savings can be offered either as a cash discount or a percentage off the final price. Some companies may offer a percentage discount if you buy a specific product within a set period.
Rebates, however, reduce the overall cost of something but later. First, you pay the total amount for the product or service; then, you get a part of the cost returned later. Often, rebates act as an incentive to make a change or purchase a product. Energy rebates, for example, are used to both incite and help homeowners make greener home upgrades.
What rebates are available?
You can get a rebate between $200 and $1,000 when you upgrade to a qualifying natural gas ENERGY STAR® tankless water heater if you’re a FortisBC customer. Learn more about the FortisBC natural gas water heater rebate.
The City of Kelowna also offers a green energy rebate of $2,000 to residents that switch from fossil fuel heating to an electric air source heat pump.
All rebates have a general eligibility criterion that applicants must meet before qualifying for a rebate. It is essential to check these before making any green changes if you’re not planning to pay the total price. Some rebate companies require your home to be in a set service territory to qualify for rebates. If you are changing to a new energy source, you may need to track your billing history for a set time first. Rebate eligibility will also vary depending on the company, type of home, type of upgrade and other factors. Like hot water heaters in Kelowna, some rebates will only apply to specific models and fuel sources.
If you’re not sure what you may qualify for, talk to your contractor for some professional insight and advice. BlackJack HVAC can help you apply for the tankless water heater rebate and show you your best options for purchasing and installing a unit.
Types of rebates
Rebates in Kelowna vary from single-family homes and multi-residential to workplaces and commercial spaces. Within those, you can qualify from electrical heating upgrades, EV charger installations, natural gas heating upgrades or tankless water heaters in Kelowna. Other rebates will apply to home renovations and green changes. Things like efficient windows and doors, insulation heat pumps and heat pump water heaters offer rebates. These range from $1,000 to $5,500, depending on the project. With rebates like these, it’s easier than ever to go green and enjoy the benefits of doing so.
This post first appeared on https://blog.renovationfind.com