Skip to main content

Ready to renovate? Save money with energy rebates


A couple about to start a renovation project at home. They stand back to back, each holding a drill like a smoking gun.

Whether you’ve been in your home for a few years or decades, at some point you’ll likely have some upgrades you’d like to make. Renovating is a great way to add value to your home while improving and enhancing the space you live in. This spring, there are lots of incentives to get you started.

If you’re thinking about tearing down walls, updating a room, or putting on an addition, consider taking a green approach to your renovation.

What does it mean to go green?

Green renovations focus on managing and reducing your environmental footprint, while adding value to your home. So, whether you’re laying down a new floor, replacing windows, or swapping out your furnace for a high-efficiency heat pump, every detail offers an opportunity to look for energy savings and eco-friendly measures. Consider the following green alternatives:

  • Sustainable materials, such as cork and bamboo flooring.

  • Refurbished materials, such as antique tiles and reclaimed wood.

  • Energy-efficient improvements, such as replacing old windows, doors, and appliances.

Save money with government incentives

Make the most of your renovation budget by applying for energy rebates and the Canada Greener Homes Grant program, which offers savings when you opt for energy-efficient retrofits such as new windows and doors, insulation, or heat pumps. Check out the full list of retrofits that qualify.

Borrow for your renovation

Once you’ve landed on a plan and set a budget, consider using the equity in your home to finance your renovation. You can get access to a percentage of your home’s value at rates that are typically lower than those on unsecured types of credit with a home equity line of credit from Meridian. Use as much of your available credit as you want and pay it off at your own pace.

Book an appointment
Request a call from one of our Mortgage Specialists

Meridian Credit Union communications are intended for informational purposes only and do not constitute financial advice or an opinion on any issue. We would be pleased to provide additional details or advice about specific situations if desired.

For permission to republish this content, please contact the Meridian Credit Union Marketing Department at ©️ 2023 Meridian Credit Union