Ontario Energy Savings & A Royal-Scale Repair Bill
October 16, 2013
When it comes to budgeting for home maintenance, you can expect to spend about an average of 3% of the home’s value annually. So next time you’re faced with a major repair bill for a furnace or roof replacement, you may want to read this article. You will feel better knowing that you’re not trying to find a boiler that will heat 775 rooms.
It’s estimated that repairs to Buckingham Palace will cost roughly $82 million (always allow 10 per cent for unexpected finds, like knob and tube wiring or the remains of former monarchs, which can cause delays). The repairs will take approximately 10 years and it’s unknown whether the Windsors will be taking out a line of credit to cover the cost or whether the government will be helping out.
Homeowners here in Ontario can take advantage of some government rebates: click here to download coupons for energy saving products, including LED lights, programmable thermostats and more.