NB Power has officially launched the Rental Owner’s Rebate Program, a new initiative designed to help residential rental property owners across New Brunswick, including Saint John, make energy-efficient upgrades to their buildings. Delivered through SaveEnergyNB, the program offers financial incentives to a wide range of property owners, from private businesses and individuals to non-profit organizations and government agencies.

How the Program Works

The new rebate program provides both set and percentage-to-cost incentive amounts. These financial boosts are designed to cover upgrades to multi-unit residential building envelopes, shared common spaces, and individual dwelling units. By reducing the upfront costs of energy-efficient renovations, NB Power aims to make sustainable living more accessible for everyone.

A Win-Win for Owners and Tenants

Energy efficiency upgrades offer dual benefits, improving the property value for owners while enhancing the daily lives of renters.

“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.”

Increased Support for Non-Profits

Recognizing the vital role that non-profit organizations play in the community, the program offers them higher incentive rates compared to private owners and corporations. This tiered approach is intended to support groups that provide affordable housing and sustainable lifestyles 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 the announcement, you can read the official NB Power press release or visit the SaveEnergyNB program page to apply.

Frequently Asked Questions

What is the Rental Owner’s Rebate Program?

It is a financial incentive program by NB Power and SaveEnergyNB that helps residential rental property owners pay for energy-efficient upgrades to their buildings.

Who is eligible to apply?

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

Are there special benefits for non-profit organizations?

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

What types of upgrades are covered?

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