- Contents
- Buying a Condo?
- Condos' Financial Structure
- Owners' Money Facts
- Owners’ Meetings and Voting
- Boards of Directors
- Owners' Rights and Responsibilities
- Managers and Management Companies
- Common Problems of Condo Living
- Condo Act, Declaration, Rules, and By-Laws
- What Should Be Done to Improve Condo Governance and Help Owners?
- FAQs About Your Building & Your Unit
- Condo Auditors & Lawyers
- Condos & Insurance
- Tenants & Landlords
- Are Condos Family Friendly?
- Links and Bibliography
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.