Roof renovation tax credit and grants

Roof renovation tax credit and grants

The time to tackle renovation work has come around, and, like many people, you may be dreading this moment. After a long, hard winter, it’s recommended to insulate your roof to avoid increased heating costs for the next season. Fortunately, there are programs available to help households looking to do work on their roof. In fact, there are many private, municipal, provincial and federal grant and tax credit options from which to choose.
The RénoVert tax credit
Rolled out for a second year in a row by the Quebec government, the RénoVert tax credit offers a maximum reimbursement of $10,000 for a total of 20% of eligible expenses. This measure was implemented temporarily by the Finance Minister to encourage individuals to undertake eco-responsible renovation. Indeed, insulating your roof makes significant energy and heating savings possible during winter. To qualify for the RénoVert tax credit, you must contract with a qualified contractor before March 31, 2018.
The RénoClimat program
It’s also possible to combine the Rénovert tax credit with the RénoClimat program. Since 2007, this financial assistance program makes it possible for you to save 25% on heating costs once work is completed as well as improve the overall energy capacity of your home. With the RénoClimat program and monthly energy savings, the insulation work will pay for itself in just a few years.
Municipal sources of financial support
Depending on the city you live in, you may qualify for renovation grant programs. For example, the Town of Varennes has a Habitation durable program, which provides financial assistance for sustainable renovation.
Are you looking to improve your home’s energy efficiency by insulating your roof? Contact our team today for a personalized assessment of your needs.