Thursday, March 8, 2007

Incentives And Disincentives

1. Scrap it Program
What it is?
- The scrap program applies to people living with in the jurisdiction of British Columbia. It applies to people who own a light truck or car that was manufactured before 1993 and are insured in the lower mainland can trade the vehicles in and get certain incentives for the purchase of certain vehicles. If they were to get rid of there 1993 vintage or older vehicle they can claim $1000 towards a brand new hybrid vehicle, $750 towards a new vehicle that is not hybrid, 500 dollars towards a vehicle that is newer then 1998 vintage, $750 towards the purchase of an electric bicycle or 50% of the purchase of a bicycle valued up to $500. There are also other incentives that involve passes for bus transit and sharing vehicles.
Advantage
-the thing that is particularly appealing to this incentive is that when you decide to claim the money for your older and used vehicles that it applies to a wide range of choices that you are able to choose from. It also allows to make the purchase of a used vehicle that is a certain year and this is even more appealing because people will generally look at used vehicles because not every is able to afford a new vehicle. In the end all though it is not a large amount of money it is still better then nothing which is what gives the incentive to purchase a newer and more efficient vehicle
Information Retrieved From: http://incentivesandrebates.ca/gc_fi_search_display.asp?id=58&jurisdiction=0&actionArea=0&keyword=
2. Thunder Bay ENERGY STAR® Appliance Rebate Program
What is It?
- The thunder Bay energy star appliance rebate programs hands out rebates for the purchase of new energy star appliances, such as cloth washers, dish washers, refrigerators. The idea is purchase newer and more efficient appliance and for that you could receive a rebate upwards of $85. The more efficient something is that you purchase the chance of a higher rebate exist.
Advantages
All tough they are making the promotion for newer and more efficient appliances, you are still having to throw the old appliances out. Unless they have a program where you take in your old appliances to be recycled this program in it self is not the greatest. Although you will save money on hydro and water bill, people could be possibly throwing out appliances that are slightly inefficient just so they can get the rebate for new appliances. All though I the long run this will save energy cos which is important, but the most appealing thing is that people have the ability to buy new appliances which are a lot more energy efficient and people are able to save money on it. However when people buy these new appliances they don’t realize that the new appliances are built cheaper and are only designed to last a certain number of years, whereas the older appliances, all though slightly inefficient were built to last. So where as you buy the more efficient appliance you still end up wasting money on a new one in 5-6 years which will probably never change.
Information Retrieved from:
http://incentivesandrebates.ca/gc_fi_search_display.asp?id=241&jurisdiction=0&actionArea=0&keyword=
3. BC Hydro Windows Rebate Program
What is It?
-BC Hydro provides a rebate of $1 for every square foot of energy star qualified windows installed by homeowners who are replacing windows and building new homes. Single family homes, duplexes, townhouses and apartments in BC Hydro’s service area are qualified for the rebate. The windows must be purchased and installed between September 15, 2005 and February 28, 2007.
Advantages:
The advantages to this rebate are that any new houses that are being built have the opportunities to use these windows and basically get money to help build the new house. Also for any person who is replacing windows they get money for the windows. So in turn they save a dollar per square on windows and you also save money for heating cost so in the long run you save quite a bit of money because the windows are very efficient.
4. Car Heaven Ontario
What is it?
-People who donate a car of 1995 vintage or older vehicle that is currently on the road will receive a $1,000 certificate towards the purchase of a new General Motors or Saturn/Saab vehicle, or a charitable receipt for a minimum of $60. The car will also be towed away free of charge (valued at $200). Cars and their parts are disposed of in an environmentally manner. Car Heaven covers most areas in Ontario, but cannot handle requests in some small communities. Participants should call to check whether the program is available in their area.
Advantages:
The advantages of this program is that for any vehicle that you are thinking of getting rid of this program gives you the opportunity to get money for an old Junker that is still running and on the road but are unable to sell for an amount that is worth anything. You will then recieve money for the purchase of a newer and more efficient vehicle that will in the end save you more money in gas cost and definitely save you money in repair cost.

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