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Greener Homes Canada 

Providing Everything You Need

City View

Canada Greener Homes Loan

 Initiative for community/affordable housing providers

  • Offers interest-free financing to help you complete some of the more major retrofits recommended by your energy advisor.

  • The Canada Greener Homes Loan remains open. The loan is no longer combined with the Canada Greener Homes Grant.

  • From $5,000 to $40,000

  • Interest-free loans with a repayment term of 10 years to help you undertake major home retrofits.

  • Loan details

  • Maximum: $40,000
    Minimum: $5,000
    Repayment term: 10 years, interest-free
    Loan type: Unsecured personal loan on approved credit

  • A maximum of one loan is available per eligible property and homeowner.

  • Once approved, a portion of the loan can be delivered up front to assist in paying any deposits required by your contractor. The balance of the loan will be delivered after the retrofits have been completed and verified through a post-retrofit evaluation.

  • You cannot apply for a loan for the following:

  • work that has already been started or completed

  • retrofits that were not recommended in your pre-retrofit evaluation

  • retrofits that are not included in your application (that is, you must not add additional retrofits to your loan application after it has been approved)

  • retrofits that are not eligible for a Canada Greener Homes Grant

  • Eligibility

  • All loan applicants

  • There are some eligibility requirements to meet before applying for the loan:

  • You must be a Canadian citizen, permanent resident, or non-permanent resident who is legally authorized to work in Canada

  • You must own the home and it must be your primary residence

  • You have a pre-retrofit evaluation and have not yet had a post-retrofit evaluation

  • Your pre-retrofit evaluation was completed on or after April 1, 2020

  • You have not started the retrofits for which you are seeking a loan

  • You have a good credit history and are not in:

  • a consumer proposal

  • an orderly payment of debt program

  • a bankruptcy or equivalent insolvency proceeding

  • Low-rise multi-unit residential buildings

  • Individual homeowners living in a low-rise multi-unit residential building (MURB) must meet the additional eligibility criteria for MURBs.

  • Indigenous group applicantsFootnote1

  • You are eligible to register multiple homes

  • You must own the home(s) or have a formal partnership to represent the owners, but the homes do not need to be the owner’s primary residence

  • Your home must be occupied by an Indigenous household

  • You must select at least one eligible retrofit for each property subject to the loan 

  • Upfront costs

  • Once approved, up to 15%* of the loan can be delivered up front if a deposit is required by your contractor. The initial advance is only available for retrofits that require a deposit. The balance of the loan will be delivered once the retrofits have been completed and verified through a post-retrofit evaluation.

  • You can request the initial advance during your application by uploading the quotes from contractors and entering the deposit amounts required to do the retrofit.

  • *The initial advance is increased to 25% if your property is located in the North or off-grid.

  • could change over time contact for updates

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                                                        Subject to change any time  

Bill Calculator

Energy-Efficient Heat Pumps

 Increased funding available to homeowners in                           participating provinces and territories

 

  • The initial federal grant of up to $10,000 has been increased to up to $15,000 ($5,000 additional). The additional funding is available to low-to-median-income homeowners living in a province/territory that has an agreement with the federal government for the delivery of the program.

  • This funding is available to help homeowners with the cost of switching from home heating oil to heat pumps. This includes the purchase and installation of eligible heat pump systems and any of the eligible measures related to the installation.

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                                    What is a Heat pump?

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  • A heat pump is a versatile device that transfers heat from one place to another, often used for heating or cooling buildings. It works by extracting heat from the air, ground, or water outside and moving it indoors in winter, or the reverse in summer to provide cooling.

  • Heat pumps are highly efficient because they move heat rather than generate it through combustion. They can be categorized mainly into air-source, ground-source (or geothermal), and water-source heat pumps, each using different methods to transfer heat. They're becoming increasingly popular as a sustainable heating and cooling solution.

  • Energy Efficiency: Heat pumps can provide several units of heating or cooling for each unit of electricity consumed, making them more efficient than traditional heating systems.

  • Environmental Benefits: They reduce reliance on fossil fuels and can lower greenhouse gas emissions, especially if powered by renewable energy.

  • Versatility: Heat pumps can provide both heating and cooling, eliminating the need for separate systems.

  • Low Operating Costs: Although the initial installation cost can be high, heat pumps often lead to lower energy bills over time.

l      Heat pumps represent a promising technology for efficient heating and cooling in residential and commercial settings. With advancements in technology and growing awareness of their benefits, they are becoming an increasingly popular choice for sustainable building solutions.

could change over time contact for updates

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                                                     Subject to change any time  

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Heating Sytem Technician

Greener Affordable Housing

 Initiative For Community/Affordable Housing Providers

  • Funding Opportunities

  • Pre-Retrofit Funding

  • For activities like energy audits, energy modelling studies and building condition assessment reports needed for a Retrofit Funding application.

  • Retrofit Funding

  • For deep energy retrofits that will reduce rental buildings energy consumption and greenhouse gas emissions.

  • Now accepting applications on a continuous basis until the available funding has been fully committed.

  • This program provides forgivable and low-interest loans to help finance building retrofit measures and activities needed to meet climate goals. It also supplies contributions for pre-retrofit activities needed to plan, prepare and apply for retrofit funding.

  • CMHC will fund 100% of eligible retrofit costs, up to $170,000 per unit (low-interest repayable and forgivable loans combined). Forgivable loans will be the lesser of: $85,000 per unit, or 80% of eligible retrofit costs. Low-interest loans will be available to finance the rest.

  • For pre-retrofit activities, the maximum contribution is $130,000 per project.

  • The project must be primarily residential and have at least 5 units or beds. Buildings must be at least 20 years old.

  • Applicants must meet a municipal, provincial, territorial, Indigenous government or CMHC program affordability criteria. Applicants can also follow other affordability criteria such as rent-geared-to-income, low-income, moderate-income, established income or rent limits/thresholds.

  • could change over time contact for updates 

   

    Subject to change any time  

  • This program provides contributions for pre-retrofit activities needed to plan, prepare, and apply for retrofit funding.

  • It also offers forgivable and low-interest loans to help affordable housing providers complete deep energy retrofits on existing multi-unit residential buildings.

  • Up to $130,000

  • in contributions for pre-retrofit activities

  • Loans of up to $170,000

  • per unit for eligible retrofit costs

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