Use the Manitoba Hydro Power Smart ® Residential Loan Program to Finance Your Next Home Renovation

If you’re thinking about starting a major home renovation project, there’s one especially important factor to figure out first, and that’s the financing. Homeowners have a handful of options to consider that can provide the financial backing needed in order to upgrade windows or siding, make an addition, or do some other significant improvement project. One such available option is the Manitoba Hydro Power Smart ® Residential Loan Program. This program is specifically available to Manitoba Hydro customers, and provides the following…

The Power Smart ® Residential Loan Program covers upgrades to….

– Windows
– Doors
– Insulation
– Air Leakage Sealing
– Residential Space Heating Equipment
– Ventilation
– Residential Water Heating Equipment

Important details to know about the Power Smart ® Residential Loan Program:

– With this loan, you can borrow up to $7,500 per residence, and up to $5,500 of that may be used for the purchase of a high-efficiency natural gas boiler or furnace.
– 5 years is the maximum term for all energy efficiency upgrades
– 15 years is the maximum term for purchasing a high efficiency natural gas boiler or furnace
– For the first 5 years, there is a fixed annual interest rate of 4.8% (O.A.C)
– Upgrades are required on levels that are recommended by Manitoba Hydro
– The monthly installments will be included on your regular energy bill
– Those applying must be the owners of the home in which the energy improvements are to take place.
– Those applying must be Manitoba Hydro customers
– This loan does not cover central air conditioning

How to Apply for Power Smart ® Residential Loan Program:

First, speak with your contractor (if you have one) or your retailer (if you’re doing the work instead). They will then work with you to decide if your project is eligible for financing. If it is, they will help you complete the loan application.

Financing your home renovation project is possible! Contact us today for more information on the Manitoba Hydro Power Smart ® Residential Loan Program!

polarwindowsUse the Manitoba Hydro Power Smart ® Residential Loan Program to Finance Your Next Home Renovation
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Renovation Handbook: Windows and Doors

When remodeling your house, you’ve got lots of things to consider. Depending on how in depth you will be going with your home renovation, you’ll be doing anything from painting the walls to adding new walls. Two of the most important aspects of any remodeling project are choosing and positioning windows and doors. You should know when replacements are necessary and which options to choose for your space.

Windows

Before getting started on the project, consider what your priorities are. How will you be using the windows in your space? If opening your windows for better circulation and fresh air is important to you, consider options that open fully. You should also consider how much maintenance you will be willing to regularly do on your windows.

 Materials are essential for all aspects of a home renovation project – especially windows. Most window frames are available in aluminum, vinyl, clad, and wood. Each material has its fair share of benefits. Aluminum offers a fantastic clean aesthetic, while wood is a great option for people looking for a simple and beautiful way to match molding and trim. Vinyl is a great option for its affordable price.

Doors

When replacing your doors, you need to be thorough with measuring the width and height of your original door. Make the proper adjustments if you are planning to get a larger or smaller door. Like most other decisions in home renovation projects, materials are equally important for the type of doors you choose. One of most important factors to consider when choosing a door is maintenance. Wood is a fantastic choice for any type of door, though it may require a fresh coat of paint every couple of years, while something like fiberglass is easier to maintain.

Considering windows and doors carefully is an important component of any home renovation project. Before getting started, take some time to think about the size, positioning, and materials of your doors and windows. You will be glad that you did.

polarwindowsRenovation Handbook: Windows and Doors
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