Discover financing solutions for your eco-friendly real estate projects. If you're interested in purchasing an eco-friendly home or making green renovations to your current residence, financial assistance is available to help you. Numerous grants and financing programs offered by the Quebec government, municipalities, and financial institutions can significantly reduce your costs.
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By wisely combining these programs, you can maximize the financing available for your sustainable real estate project. This article details some of these programs to help you better understand the options available.
Novoclimat
The program Novoclimat is a Quebec government initiative that encourages the construction of new energy-efficient homes and small multi-unit buildings. This program offers green certification to buildings that meet strict energy efficiency standards.
In addition to certification, Novoclimat offers financial assistance to owners of new homes that meet these standards. The goal is to reduce energy consumption, improve occupant comfort, and decrease greenhouse gas emissions, thereby contributing to the fight against climate change.
To be eligible for the Novoclimat grant, houses must meet the following criteria:
- Construct a new single-family building, whether detached, semi-detached, row-shaped, multi-generational, or single-family with an attached dwelling.
- Use primarily electricity, natural gas, or residual forest biomass as an energy source for heating.
- Be built by a contractor who has received specific training and is Novoclimat certified.
- Located in Quebec, below the 51st parallel.
In addition, the installation of an eligible heat pump in the property may qualify for additional financial assistance.
Renoclimat
The program Renoclimat is an initiative of Transition Énergétique Québec aimed at encouraging homeowners in Quebec to carry out energy-efficient renovations.
This program provides financial assistance for energy efficiency improvements such as insulation, improved airtightness, replacement of doors and windows, and installation of mechanical systems such as heat pumps and ventilation systems.
Before beginning work, participants must register for the program and receive an initial energy assessment of their home. Rénoclimat helps reduce the energy consumption of homes, improving their comfort while reducing their environmental impact.
This program provides financial support for:
- Improving the insulation of the roof, foundations, exterior walls or an exposed floor, covering 20% of the total area.
- Waterproofing work to reduce air leaks, assessed by an infiltration test to measure the air change rate.
- The installation or replacement of Energy Star appliances and mechanical ventilation or heating systems with more efficient models, under certain conditions.
To access this assistance, the work must be validated by a Rénoclimat advisor. Owners of duplexes, triplexes, single-family homes, and rental properties with 4 to 20 units can benefit from subsidies, for example, up to 50,000 TP4T for a geothermal system.
After the renovations, beneficiaries of this program can see a reduction of 20% on their heating bill thanks to the tax credit.
Heat green
The program Heat green is designed for those considering replacing their heat pump. This program offers financial assistance for the installation of an eligible heat pump.
This program is not limited to replacing heat pumps, but also extends to replacing oil or propane heating systems with systems using renewable energy, such as electricity.
It also includes the replacement of oil or propane water heaters with versions powered by renewable energy. Applicants have up to six months after the start of work to submit their application for financial assistance.
To find out about eligibility criteria and potential aid amounts, it is recommended to consult the government website.
