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Whether you're looking to save money, reduce your home's impact on the environment or just upgrade your home, planning an eco-renovation is a great way to accomplish all three.
If your home is more than 25 years old, by completing an energy efficient renovation, you could potentially reduce your energy use by 35%. That number climbs to 38% if your home is more than 50 years old. Saving that much energy will have a positive impact on the environment and your wallet.
Take a closer look at some of the major upgrades you could make on your home and how much you could save.
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Upgrade
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Savings in a year*
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Energy efficient furnace
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$670
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Windows and doors
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$250
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Draft proof your home
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$290
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*The cross-effect of multiple upgrades will result in a lower total savings than the amounts shown. All costs are subject to change. Costs depend on materials used and installation practices. Costs may vary depending on house location.
Over the life of a 20 year mortgage, savings through energy efficient upgrades can add up to $24,200.
Talk to RBC® Royal Bank about financing your next energy efficient home renovation. We can help you find the financing that meets your needs. If you've got at least 20% equity in your home, the RBC Homeline Plan® could be just what you need. It's a smart and easy way to manage all your borrowing needs under one simple plan.
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