Are you looking to add a suite to your home? Are you perhaps getting older and finding it hard to move around? Or maybe you’d like to purchase a new home or make your current home more energy efficient?
Well, luckily for you, Alberta residents have options that allow them to save money!
In addition to federal government grants for Alberta homeowners, there are provincial programs and municipal grants if you live in Edmonton, Calgary, Red Deer, Medicine Hat, Grand Prairie, Lethbridge, or Banff.
Seniors and people with disabilities also have programs created specifically by the Province of Alberta to help with renovation costs and property taxes.
Below we've listed all of the current homeowner grants for Alberta. Let’s take a look at them.
Home Improvement Grants, Rebates, and More Available in Alberta
Energy Efficiency Rebates for Alberta Homeowners
- If you’re an Albertan homeowner and would like to improve the efficiency of your home, which not only helps the environment but saves you money, this program can help you spend less to achieve that goal.
- Save up to $1,500 on new windows, $1,000 on a tankless water heater, up to $3,500 on new insulation, and much more!
- Online rebates are also available for energy-efficient appliances and more (though there is a limit of two products per category per address). You can save as much as a $100 on refrigerators, washers, or smart thermostats!
- This program even offers a Home Efficiency Tool calculator, which helps you calculate the savings potential of your home.
- A first of its kind in Canada, this program even includes The Residential and Commercial Solar Program as part of the EEA, which offers incentives to homeowners, businesses, and non-profits that wish to install solar photovoltaic systems. Learn more about it and the qualifications here.
Alberta Seniors Homeowners Grants
- Seniors can receive a loan of up to $40,000 for seniors to make renovations to their primary residence.
- Maximum household income for this home is $75,000 and applicants must own at least 25% of their primary residence.
- Seniors who have lived in Alberta for 10 years and are receiving OAS and GIS can qualify for this monthly benefit in addition to their federal income benefits.
- After you fill out an application, you could qualify if you are a single senior with an annual income of $27,300 or less or a senior couple with a combined annual income of $44,335 or less.
- The Alberta government will pay your residential property tax on your behalf. And then you pay the loan, with interest, when you sell the home or sooner.
- Qualifications are that you are 65 or older, an Alberta resident, and own 25% equity in your home
- Alberta recognizes that quality of life can decrease as we age, so the provincial government created this program to assist seniors with some of the cost of appliances and some health and personal supports.
- A single senior with a total annual income of $27,300 or less or a senior couple with a total combined annual income of $44,335 or less can qualify to receive up to $5,000/year.
Alberta Grants for People with Disabilities
- This is a grant program that will provide up to $7,500 for one year, with a maximum of $15,000 over ten years to be given for renovations to a home to make it easier for people with disability issues to live in their own home.
- Eligibility is for household with a total income of $58,800.
- Claims must be filed within 90 days of renovations.
Calgary Homeowner Reno Programs
- This program is designed to give help Calgarians purchase new homes. New homeowners only make a $2000 payment to start.
- Maximum household is $90,000 for a dual parent family.
- If you decide to sell or refinance your home, a portion of the appreciated value goes back to the AHCC to further finance future homeowners.
- There is also a mandatory home education class that must be taken by applicants.
- Peak provides a second mortgage that is interest free for the first five years of the program.
- To qualify, the maximum income for a dual income household is $90,000 with dependents.
- You must provide at least $1,000 as a deposit on the home.
As you can see, there are many different programs available to Alberta homeowners to save money on purchasing homes, making renovations, or becoming greener.
Enjoy the savings!