Property owners and non-profit organizations in Saint John have a new opportunity to save money and improve their buildings. NB Power has officially launched the Rental Owner’s Rebate Program, a new initiative delivered through SaveEnergyNB designed to provide financial incentives for energy-efficient upgrades in residential rental dwellings.

Financial Incentives for Upgrades

The newly announced program is open to a wide range of applicants, including businesses, individual property owners, non-profit organizations, and government agencies. It offers both set and percentage-to-cost incentive amounts to help cover the expenses of upgrading multi-unit residential building envelopes, shared spaces, and individual dwelling units.

A Win-Win for Owners and Tenants

Energy-efficient upgrades are known to reduce carbon footprints, but this program specifically targets the financial and comfort benefits for both sides of the rental market.

“The Rental Owner’s Rebate Program is unique in the way it benefits both rental owners and tenants,” said Lori Clark, President and CEO of NB Power. “Property owners can benefit from the rebates and the increased marketability of their space that come with energy-efficient upgrades, while tenants can benefit from greater comfort and lower monthly power bills.”

Extra Support for Non-Profits

Recognizing the vital role that community organizations play in Saint John and across the province, the program offers higher incentive tiers for non-profit organizations compared to private owners and corporations. This strategic boost aims to support groups that provide affordable and sustainable housing options to New Brunswickers.

Cindy Morris, Director of Energy Efficiency Services, highlighted this alignment: “The Rental Owner’s Rebate Program shares the goals of non-profit housing organizations working to provide New Brunswickers with low-cost of living and improved quality of life.”

For more details on how to apply and to read the full announcement, visit the official NB Power news release.

Frequently Asked Questions

Who is eligible for the Rental Owner’s Rebate Program?

The program is open to businesses, individuals, non-profit organizations, and government agencies that own residential rental properties in New Brunswick.

What types of upgrades are covered?

Incentives are available for energy-efficient upgrades to multi-unit residential building envelopes, shared spaces, and individual dwelling units.

Are there special incentives for non-profits?

Yes, non-profit organizations are eligible for higher incentive amounts than private owners and corporations to help support affordable living initiatives.

Where can I find more information or apply?

More information on the program and application details can be found on the SaveEnergyNB website.