Energy Saving Measures

Both federal and provincial governments currently offer grants for condos that reduce their energy consumption by doing retrofits or adding measures such as solar power. Cities may also have their own incentive programs.

Energy savings measures are beneficial to the environment and are also good business because a great deal of money can be saved.

What kinds of retrofits are worth it? Measures that save a lot of energy and, thus, have a short pay-back period. “Short” generally means less than 8 years, and, usually, pay-back occurs within 2 to 3 years. That is, the monies spent on the retrofit will have been recovered in 2 to 3 years.