Greener Homes Loan: Who Qualifies and What You Get
Learn how to access interest-free loans to help pay for energy-efficient upgrades to your home's insulation, windows, or heating systems.
This loan program provides financial support to help homeowners pay for upgrades that make their residences more energy-efficient.
Who it's for
This scheme is available to property owners who are looking to upgrade their homes. It is specifically designed for those planning to install more efficient insulation, windows, or heating systems.
What you get
You can access interest-free loans to help cover the cost of your energy efficiency retrofits. The amount you can borrow is capped at a maximum of $40,000.
What it costs you
While the loan itself is interest-free, you are responsible for the cost of energy evaluations. You will need to pay for an energy audit both before you start the work and after the upgrades are completed to verify the improvements.
The catch to know
Funding for this program is not infinite. Because available funds are limited and program details can change frequently, it is best to apply as early as possible.
How to apply
- Arrange for a pre-retrofit energy audit to assess your current home efficiency.
- Select your preferred energy-efficient upgrades, such as new windows or heating.
- Submit your application through the official portal to request your loan.
- Complete the work and undergo a post-retrofit energy audit to finalize the process.
https://natural-resources.canada.ca/energy-efficiency/homes/canada-greener-homes-initiative/23445