Zero-Interest Loan and Furnace Rebate Applications Available

Conserve Nova Scotia

October 24, 2008 9:31 AM

Nova Scotians may now apply for zero-interest loans for energy upgrades and rebates on new furnaces under the province's Heat Smart program.

Up to $5,000 in interest-free loans are available to Nova Scotians who have an energy evaluation performed through the EnerGuide for Houses Program. The loan can be used for efficiency upgrades and is repayable over five years.

"Many Nova Scotians want to reduce heating costs by replacing old equipment and making their homes more energy efficient," said Minister Murray Scott on behalf of Conserve Nova Scotia Minister Richard Hurlburt. "With its reasonable monthly payments and guaranteed energy savings, our zero-interest loan makes energy upgrades affordable for Nova Scotians. The furnace rebate also encourages the replacement of old furnaces, benefitting both homeowners and the environment."

Through the EnerGuide for Houses program, homeowners have 18 months to make recommended energy upgrades. Homeowners can do the upgrades themselves or hire a contractor. If a homeowner is approved for the low-to-modest income EnerGuide program, they can apply for an advance of up to $1,500.

Once the upgrades are complete, homeowners then schedule a follow up evaluation to confirm what work has been done. This information is then used to determine the total approved loan amount.

Making homes more energy efficient can help participants cut their annual home energy bills by 30 per cent, and reduce their greenhouse-gas emissions by five tonnes every year.

Applications are also available for Nova Scotians who replace old furnaces with new energy-efficient models. Through the program, homeowners can receive a $500 rebate. New furnaces can save up to 25 per cent, or about $750, on home-heating bills annually.

Applications are also available for the province's Heating Assistance Rebate Program. Individuals who earn $27,000 or less, or families with a combined income of $42,000 or less, that purchase home heating fuels can apply. Eligible Nova Scotians may receive up to a $450 rebate if heating with oil, propane or natural gas, or up to a $150 rebate if heating with electricity, wood, coal or wood pellets.

These programs are part of Heat Smart, the province's new $92-million program that provides home-heating assistance this winter, and helps to save energy and money for years to come.

Applications are available at Access Nova Scotia centres, on the government website at www.HeatSmart.ca, or by calling 1-800-670-4357. More information on the programs can also be found on the website.


FOR BROADCAST USE:

     Nova Scotians may now apply for zero-interest loans for

energy upgrades and rebates on new furnaces under the province's

Heat Smart program.

     Interest-free loans of up to five thousand dollars are

available to Nova Scotians for efficiency upgrades on their homes

through the EnerGuide for Houses Program.

     Murray Scott, on behalf of Richard Hurlburt, Minister

responsible for Conserve Nova Scotia, says the programs will make

energy upgrades more affordable for Nova Scotians.

     Applications are available at Access Nova Scotia centres, on

the government website at W-W-W dot Heat Smart dot C-A, or by

calling 1-800-670-4357. More information on the programs can also

be found on the website.

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Media Contacts: Karen White
                Conserve Nova Scotia
                902-424-6260
                E-mail: whitekl@gov.ns.ca

                Donna Chislett
                Service Nova Scotia and Municipal Relations
                902-424-6336
                E-mail: chisledp@gov.ns.ca