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If you live in British Columbia and want to fix up your basement or crawlspace, both the provincial and federal governments offer monetary incentives. Grants and rebates are made available for these specific home improvement projects.
Basement renovations: up to $4,215
Federal: up to $3,015
Provincial: up to $1,200
Crawlspace renovations: up to $3,100
Federal: up to $1,900
Provincial: up to $1,200
Provincial Basement Rebates CleanBC Better Homes
Together with BC Hydro and FortisBC, the Province of British Columbia provides rebates for projects in basements and crawlspaces.
How much aid you get depends on the insulation you install and its coverage area. For accurate data, visit the official government website.
For complete insight into R values, check out the article titled “What is an R Value?”
Basements
Basement wall insulation
Minimum R10 new insulation added up to $1,200
Basement header insulation
Minimum R20 new insulation added $1,000 – $6,000
Crawlspaces
Insulation for crawlspace walls
Minimum R10 new insulation added up to $1,200
Floor over the crawlspace
Sorry, can’t mix it with a crawlspace wall.
Minimum R20 new insulation added up to $1,000
Visit the government’s official website for more details.
To qualify for the Home Energy Improvement Bonus, it is necessary to schedule an EnerGuide home assessment by a certified energy advisor. It is essential to book the evaluation before commencing any renovations in order to meet the eligibility criteria.
The Canadian government has established the Greener Homes Grant with the objective of assisting individuals in financing their basement and crawlspace renovations.
For a comprehensive understanding of R values, refer to the article titled “What is an R Value?”
Basement Wall Insulation
Calculating the prorated amount by considering a minimum coverage of 20%.
Add R10 – R22 $210 to $1,050
Add R23+ $300 to $1,500
Other Basement Upgrades
Header Insulation
Minimum 80% coverage
Add R20 $240
Slab Insulation
Minimum 80% coverage
Add R3.5 up to $400
Water-proofing
Min. 80% below-grade coverage
Must be applied to exterior $875
Crawlspace Wall Insulation
May require 100% coverage
Add R10 – R22 Up to $1,040
Add R23+ up to $1,300
More Crawlspace Upgrades
Ceiling Insulation
Requires 100% coverage
Add R24 $800
Moisture proofing
Requires 100% coverage
Add moisture barrier to walls, floors, and headers up to $600
For more details, see the government website.
The Government of Canada is offering interest-free loans of up to $40,000 to assist homeowners in covering the expenses associated with retrofits. These loans can be accessed by individuals and are specially designed to provide financial support for retrofit costs.
The Canada Greener Homes Loan operates in conjunction with the Greener Homes Grant initiative.
Homeowners have the option to choose a loan with a repayment term of 10 years, without any interest. This loan can be used for making retrofits such as insulation, heat pumps, solar panels, and other similar improvements.
Book an appointment by giving us a quick call at 604.880.4095 or click on the button below to fill out an online booking form where you can choose the help you need to take advantage of these great renovations rebates from our governments.
