Power Smart New Home
OUTSTANDING NEW HOMES
The Power Smart New Home Program, in partnership with FortisBC offers financial incentives to builders, developers and owner-builders to help offset the costs of building to a higher standard of energy efficiency.
Important program and incentive changes:
Effective July 1, 2014
As we strive to continually raise the standard for energy-efficient new homes in B.C., as of July 1, 2014 the Power Smart New Home Program is introducing changes to program requirements and offers. Read important application information below before submitting program applications.
The information below is for incentives for electrically-heated homes in the BC Hydro service area. For information on incentives for natural gas heated homes, please check with FortisBC.
Important application information
Due to limited program funding, we now require that certain applicants declare their intent of application by completing a Memorandum of Understanding (MOU) by the required date, prior to submitting their application.
Please note that the completion of a MOU does not guarantee incentive eligibility (see important incentive eligibility information below).
A MOU is required for:
- The ENERGY STAR® package incentive
- The Home Performance Incentive for townhomes, rowhomes, duplexes, multi-unit residential buildings (MURBs) and laneway homes
A MOU is not required for:
- The Home Performance Incentive for single-family homes
- Any FortisBC natural gas incentives
Steps to completing a MOU:
Incentive eligibility: Home Performance Incentive
Applications for the Home Performance Incentive will be evaluated based on the Building Permit Date of the project.
Building permit dates before July 1, 2014:
- Applications will be evaluated based on the incentive requirements that are in effect before July 1, 2014.
- Sign and submit a MOU before July 1, 2014 (not required for single-family home projects).
- Submit a completed application. Application must be received before December 31, 2014. No extensions or exceptions will be available.
Building permit dates on or after July 1, 2014:
- Applications will be evaluated based on the new incentive requirements.
- Sign and submit a MOU before December 31, 2014 (not required for Single Family Home projects).
- Submit a completed application. Application must be received before March 31, 2015.
This incentive will no longer be offered after July 1, 2014. However, qualifying ENERGY STAR products purchased before July 1, 2014 will still be eligible for the $150 incentive.
To apply for the incentive:
- Complete a MOU prior to submitting your application (required for all housing types).
- Sign and submit a MOU before July 1, 2014.
- Submit a completed application. Application must be received before December 31, 2014.
Please note the application forms have been updated to reflect the July 1 program changes.
- Download the New Home Application Checklist [PDF, 94 KB]. The checklist guides you through the application process and documents you will need to provide.
- Download and complete an application form. Use the single home application form [PDF, 157 KB] for a one dwelling development or use the bulk application form [XLS, 626 KB] for a multi-unit development.
Power Smart New Home Program
PO Box 9080
Surrey, BC V3T 0J6
Receive an EnerGuide rating
Participating developments are showcased on our Featured Developments page as a resource for home buyers to find energy-efficient homes.
When you promote Power Smart in your advertising, we'll share the cost with you. Eligible developments can receive $125 per home, to a maximum of $7,500 a year.
See the co-op advertising application form [PDF, 643 KB] for more details.
Home buyer savings and benefits
A Power Smart home uses up to 30 per cent less energy than an average home in today's market — that means up to 30 per cent savings on the home buyer's energy bill.
Power Smart home buyers (with homes achieving EnerGuide 82 or higher) may be eligible for a 10% refund on their mortgage loan insurance premium from the Canada Mortgage and Housing Corporation.
An energy-efficient home is also a healthier home. In addition to energy-efficiency, Canada Mortgage and Housing's Corporation's Five Essentials of Healthy Housing includes occupant health, resource efficiency, environmental responsibility, and affordability. Learn more about the Five Essentials of Healthy Housing.