March 20, 2016
RénoVert : A great news for Quebec consumers that needs to change their doors and windows !
Offered by Quebec government, RénoVert is a refundable tax credit for eco-friendly residential renovation. The tax credit you can claim corresponds to 20% of the amount exceeding $2,500 for the replacement or addition of windows or exterior doors with ENERGY STAR rated models for the climate zone where the dwelling is located.
Eligible expenses includes sales taxes (GST and QST) and, if applied, permit costs necessary to execute the renovation. The maximum tax credit is $10,000; that represent an eligible expenses of $52,500!
Windows and exterior doors must have been installed by a qualified contractor. The renovation contract must be dated after March 17, 2016, and before April 1, 2018.
In addition to this refundable tax credit, you may be eligible for the financial assistance offered in respect of eco-friendly home renovation under the Rénoclimat program administered by the Ministère de l'énergie et des Ressources naturelles.
For more information about Renovert program, please refer you to The Quebec Economic Plan