Canadians Offered a Second Chance to Save Money on Home Renovations from June 6, 2011 to March 31, 2012
July 18 2011 - 8:30AM
Marketwired
One in twenty homeowners(1) have taken advantage of grants worth up
to $5,000 provided by the ecoENERGY Retrofit - Homes program since
its introduction in April 2007 until the announcement of its
withdrawal in March 2010. As such, the news that the reinstatement
of the ecoENERGY Retrofit - Homes program has been approved should
come as a welcome relief to Canadian homeowners looking to make
their homes more energy efficient.
"With over seven million under-insulated attics in Canada, Owens
Corning is delighted that the ecoENERGY Retrofit - Homes program
has been extended," says Ric McFadden, Vice President of Building
Materials at Owens Corning Canada. "We know the grants made
available to homeowners will encourage Canadians to make the
necessary improvements to their homes, allowing them to save both
money and energy over time."
Using energy efficient products for renovations, such as
EcoTouch™ PINK™ FIBERGLAS® Insulation batts and/or AttiCat®
Expanding Blown-In Insulation System will make homes eligible for
the ecoENERGY Retrofit grants, enabling the homeowner to save on
heating costs.
Homeowners and owners of multi-dwelling units can once again
claim a tax credit, simply by investing in renovation projects that
will make their home more energy efficient, allowing them to save
money over time. Under the recent ecoENERGY Retrofit - Homes
program; attic reinsulation could be off-set with government
grants. Eligibility criteria and other program details can be found
on the ecoAction website.
"Attic re-insulation in particular is an easy DIYer renovation
project for any homeowner," says David Flood, insulation expert at
Owens Corning. "It can be done in a matter of hours with AttiCat™
Expanding Blown-In Insulation System, for maximum energy efficiency
(R-50) top up attic to 18 1/2". Or top up to 15" with EcoTouch™
PINK™ FIBERGLAS® Insulation batts. Re-insulation helps reduce
energy consumption and cuts down on heating and cooling costs -
savings all year long."
Not only can an attic re-insulation project be budget-friendly,
it can also help protect the environment. An attic insulated to the
recommended standard R-50 will save a half-ton of greenhouse gas
emissions every year, year after year(3) EcoTouch™ PINK™ FIBERGLAS®
Insulation is made from 99% natural(4) materials and over 70(5) per
cent recycled content, the highest amount of recycled content in
the industry. And it is third party GREENGUARD Indoor Air Quality
Certified(SM) and is verified to be formaldehyde free+.
The ecoENERGY Retrofit - Homes program also offers grants to
low-rise residential property owners, including owners of single
detached and attached homes (e.g. row housing, duplexes and
triplexes), small multi-unit residential buildings, four-season
cottages, mobile homes on a permanent foundation and
permanently-moored floating homes.
For more information about the ecoENERGY Retrofit program, and
to learn how you can qualify, please visit the Natural Resources
Canada website at ecoaction.gc.ca/homes or showmethegreen.ca.
To learn more about insulation and home renovation ideas, visit
www.owenscorning.ca.
About Owens Corning
Owens Corning (NYSE: OC) is a leading global producer of
residential and commercial building materials, glass-fiber
reinforcements and engineered materials for composite systems. A
Fortune® 500 Company for 56 consecutive years, Owens Corning is
committed to driving sustainability by delivering solutions,
transforming markets and enhancing lives. Founded in 1938, Owens
Corning is a market-leading innovator of glass-fiber technology
with sales of $5.0 billion in 2010 and about 15,000 employees in 28
countries on five continents. Additional information is available
at www.owenscorning.com.
(1)According to http://oee.nrcan.gc.ca/residential/personal/retrofit-
homes/questions-answers.cfm#em1.
(3)Based on an average attic size of 1700 SF with existing R19 insulation,
averaged over seven cities in Canada.
(4)Made with a minimum of 99% by weight natural materials consisting of
minerals and plant-based compounds.
(5)Minimum 70% Recycled Glass Content, with at least 60% Post-consumer
Recycled and the balance (10%) Pre-consumer Recycled Glass. The colour
PINK is a registered trademark of Owens Corning ©2011 Owens Corning.
All Rights Reserved.
+ This declaration may only be used with products that have been verified
to be formaldehyde free by GEI. The formaldehyde free mark may not be
used alone. It must accompany the appropriate GREENGUARD Certification
mark.
Contacts: Media Contact Jessica Goldberg 416-642-7970
jgoldberg@golinharris.com
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