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How To Reduce Your Utility Bills In A Recession

Woman putting money in piggy bank on Boiler

Do you know how to find out if you’re wasting money on your utility bills? Check if your heating and cooling are working well. Many HVAC systems in homes, unless you’re in a new build, are inefficient. The way to tell is this: if you’re relying on fans or space heaters to keep your home comfortable, over and above running your HVAC system, you’re wasting energy. And dollars. Nobody wants that in a recession!

The Federal price on carbon is going to increase, which means that the cost of heating with natural gas and propane will go up significantly over the next decade. As a homeowner (maybe even a homeowner who works from home in a hybrid work environment), this is something you need to think about.

At ClimateCare, we are committed to providing you with home comfort solutions that will help you save money and reduce your carbon footprint at the same time. So we work hard to deliver the knowledge translation you need to demystify deeply complex “HVAC professional speak”!

For example: did you know that carbon tax will more than triple over the next decade? From $50/tonne in 2022 to $170/tonne in 2030? We, as homeowners, are taxed on our usage of fossil fuels such as gas in our cars, and natural gas, propane, or oil for our furnaces, water heaters, laundry, and cooking appliances.

If we want to lower our carbon footprint, and our bills, we need to move from oil to electricity.

From a home comfort perspective (also known as our wheelhouse) we can tell you that using electricity for your heating and cooling will save you big-time dollars on carbon tax over the next decade.

Fair warning! There will be some up-front infrastructure expenses. And we have ideas to help you tackle those as well.

Decrease Your Carbon Footprint: Plan For Electric Or Hybrid HVAC Systems

If going electric, and being friendlier to the planet, has been on your mind in any way, we can help. We offer electric systems that use electricity exclusively to heat and cool your home.

If you’re uncertain about a complete switch to electric systems, fear not! You are not alone; many folks share your feelings, and we are here to help educate homeowners. You don’t have to do all or nothing.

We offer hybrid systems that present a “best of both worlds” solution. Hybrids use electricity to cool your home in the summer and heat your home during the warmer winter months; and then use your fossil-fuel burning furnace (i.e. natural gas, propane) as a backup on frigid days.

Both choices will help you to save money on carbon tax and reduce your carbon footprint, and, perhaps most importantly, we can help you recover some of your investment through the Greener Homes Initiative!

What Is The Greener Homes Initiative & How Can We Help You With It?

GHG (Greener Homes Grant) is a Federal Government initiative to help Canadians save energy and make their homes more comfortable. Many of our energy-efficient electric and hybrid systems will qualify for a $5,600 Greener Homes Grant. The GHG initiative also offers interest-free loans from $5,000 to $40,000 with a repayment term of 10 years to help you undertake major home retrofits, and spread the cost out over time.

Our job is to maximize your payout from the program.

So, if going greener has been on your mind, now is the time to reach out and have our Home Comfort Advisors determine what is suitable for your home and lay out some options for you. Getting a proper diagnosis, and regular maintenance will serve well in the long term; even if upgrading is not on the cards right away.

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Looking For More Benefits? How About “Upgrade Now, Pay Later”?

If you choose to upgrade to an electric or hybrid system in the fall or winter of 2022, we have deferral programs that will allow you to receive your GHG before you even have to start paying for it!

Please note: Right now only 1.5 and 2-ton systems qualify for the rebate.

Get in touch with your local ClimateCare Home Comfort Advisor. We’ll help you navigate this.