Federal and Provincial Rebates on Geothermal Systems
Thinking of ways to make your home more energy efficient? Here's what you can do to reduce your energy consumption and receive grants through ecoENERGY Retrofit.
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With 60% of your yearly electricity bill going toward heating and cooling your home, it makes good sense to look for ways to reduce your usage and your bills.
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As announced in the 2007 Ontario Budget, the rebate has been extended for qualifying alternative energy systems that are purchased and installed in residential premises by January 1, 2010.
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The HRTC will apply to eligible home renovation expenditures for work performed, or goods acquired, after January 27, 2009 and before February 1, 2010, pursuant to agreements entered into after January 27, 2009.
The 15-per-cent credit may be claimed on the portion of eligible expenditures exceeding $1,000, but not more than $10,000, meaning that the maximum tax credit that can be received is $1,350.
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