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Renovate without going into debt

Notice to the citizens of Varennes , Vercheres and Plessisville !

As part of an innovative pilot project , these three municipalities finance at low interest all ecological renovations ( geothermal in particular ) and associate the loan with the property and not with the owner. Thus, if a homeowner takes out a loan and sells his property before full discharge of the debt, it remains associated with the property and the new owners will continue to pay the running debt. A significant advantage of this method is that there is no reason not to perform ecological renovations just because one will sell its home in the coming years !

http://www.lapresse.ca/maison/renovation/201606/27/01-4995748-renover-vert-sans-sendetter.php

 

RénoVert, the green tax credit!

After LogiRénov which ended in July 2015, here’s RénoVert!

Homeowners constructed before 2015 can take advantage of another tax credit for some renovations.

A series of works are eligible, as improving the insulation of his house or his chalet, replace its heating system, install a new water heater or get new doors and windows.

Up to 100 000 Quebecers could benefit from it over the next year.

This refundable tax credit is 20%, but it doesn’t apply to the first $ 2,500. For a $ 5000 work by a recognized contractor, the tax credit will be $ 500 (20% of $ 2500).

The credit is limited to $ 10 000. To reach the limit, an owner must carry out eligible works up to $ 52 500 by September 30, 2017.

To take advantage of the RénoVert tax credit, an agreement with a contractor must be concluded before April 1, 2017.

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RenoVert

Image source : http://ecolovillage.com/wp-content/uploads/2015/05/photo-vert1.jpg

Renovate without going into debt
RénoVert, the green tax credit!