You are currently viewing Financial offers for making climate-friendly changes that benefit the planet and your pocket

Financial offers for making climate-friendly changes that benefit the planet and your pocket

  • Post author:
  • Post category:Blog

We have put together a list of financial offers available to residents of Maple Ridge who are looking to make climate-friendly changes and are considering the financials. These programs may have specific eligibility criteria, application processes, and deadlines. This information is correct at the time of publishing this blog and updates may be posted on the official websites of the programs or contact relevant provincial or municipal offices.

Rebates and incentives linked to the Zero Carbon Step Code

In Maple Ridge, residents who participate in the Zero Carbon Step Code can benefit from various rebates and financial incentives aimed at encouraging energy-efficient and low-carbon building practices. These incentives may include:

  1. BC Hydro Residential Rebates and Free Programs: BC Hydro offers incentives for energy-efficient upgrades, including those that align with the Zero Carbon Step Code. This could involve rebates for high-efficiency heating systems, improved insulation, and other energy-saving measures.
  2. FortisBC Incentives for Businesses and FortisBC Incentives for Individuals: FortisBC provides rebates for natural gas upgrades that contribute to energy efficiency, such as high-efficiency boilers, furnaces, and other systems that support low-carbon buildings.
  3. CleanBC Better Homes and Home Renovation Rebate Program[1]: Provides rebates for making homes more energy-efficient. Rebates up to $14,000 are offered for insulation, windows, heat pumps, and other energy-efficient upgrades. They are available to homeowners in BC who undertake eligible renovations or upgrades.
  4. Municipal Incentives: Maple Ridge may offer its own incentives or rebates for new homes or renovations that meet specific energy efficiency standards, including those set by the Zero Carbon Step Code. Residents can enquire with the City directly.

General climate-focused financial grants and rebates on offer

British Columbia offers several financial grants and rebates to support residents in their climate change efforts. These incentives are designed to encourage energy efficiency, reduce greenhouse gas emissions, and support sustainable practices. Here are some key programs:

  1. CleanBC Better Homes and Home Renovation Rebate Program[2]
  2. Purpose: Provides rebates for making homes more energy-efficient.
  3. Rebates: Includes insulation, windows, heat pumps, and other energy-efficient upgrades.
  4. Eligibility: Homeowners in BC who undertake eligible renovations or upgrades.
  5. Amount: Up to $14,000.
  • Zero-Emission Vehicle (ZEV)/Go Electric Program
  • Purpose: Incentives for purchasing or leasing zero-emission vehicles.
  • Rebates: Battery-electric and plug-in hybrid vehicles.
  • Eligibility: For new or used zero-emission vehicles.
  • Amount: Up to $4,000.
  • BC Scrap-It Program
  • Purpose: Encourages the replacement of older, less efficient vehicles with more environmentally friendly options.
  • Incentives: Cash and other incentives for scrapping older vehicles and rebates on new, efficient vehicles.
  • Eligibility: For BC residents trading in their older vehicles.
  • Amount: $300 cash, Translink Pass, or BC Transit Ecopass. 
  • Canada Mortgage and Housing Corporation Green Home program
  • Purpose: Homes with better energy efficiency.
  • Eligibility: CHMC insured and buying or building an energy-efficient home.
  • Amount: 25% partial premium refund. Home must meet eligible building standards and/or EnerGuide and EnerGuide GJ ratings. Eligible borrowers have 2 years to request a refund after closing their mortgage.

[1] https://energystepcode.ca/incentive-programs/

[2] https://energystepcode.ca/incentive-programs/