On December 1, 2008 the BC Government announced it will invest $17,000,000 to help low income families realize the benefits of energy efficient housing. The money will be spent to identify, evaluate, and implement the best retrofit opportunities to improve energy efficiency.
The government estimates a typical household cost will be about $2,000. On that basis, the funding should benefit about 8,500 low-income households during the three year life of the program (The press release cites 9,000 units, a figure which evidently is based on some type of mathematics known only to the government and with which I am not familiar).
An initial project has been identified. At an estimated cost $4,144,800, it targets 1,884 residential households (In case you’re wondering, this would work out to a per-unit cost of about $2,200. And to reach it’s target of 9,000 units, this means the average per-unit cost of the remaining 7,116 units will work out to $1,806.)
Although the math seems a bit off, I think it’s hard to fault the Program itself. What do you think?
Bye for now,
...Victoria's blogging real estate professional.
