Canada Greener Homes Loan

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

The maximum eligible loan amount is calculated based on the retrofits selected in the application and the quotes for this work. The eligible amount is capped based on industry standards and market norms. The maximum eligible loan amount may be less than your quoted cost, in which case you will be responsible for funding any difference.

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

The loan can only help you finance eligible products and installations that are part of a retrofit that is both recommended by an energy advisor and eligible for the grant.

To begin work in your home, a portion of the loan can be delivered to you up front. Contractors often require a down payment for these types of projects. The balance of the loan will be delivered upon successful completion of the retrofits and verification through a post-retrofit evaluation.

There are a few eligibility requirements to meet before applying for the loan:

• You must be eligible for and apply for the Canada Greener Homes Grant or the equivalent provincial program
• You must be a Canadian homeowner, and your home must be your primary residence
• You have completed a pre-retrofit evaluation of your home dated April 1, 2020, or later
• You have a good credit history and aren’t under:
  • a consumer proposal
  • an orderly payment of debt program
  • a bankruptcy or equivalent insolvency proceeding

The Canada Greener Homes Loan is now open to homeowners who wish to apply or have an active application (at the pre-retrofit stage) with the Canada Greener Homes Grant.

Starting August 31, 2022, homeowners who have already requested a post-retrofit evaluation or received a grant payment will be eligible to apply to the Canada Greener Homes Loan for any remaining eligible retrofits they wish to pursue but have not yet started.

Homeowners who have completed all their retrofits are not eligible to apply for the Canada Greener Homes Loan. However, homeowners may be eligible to apply for the loan for any remaining recommended retrofits that have not yet started.

• work that you’ve already started or completed
• retrofits that haven’t been recommended by an energy advisor
• retrofits that are not eligible for a Canada Greener Homes Grant
• retrofits that aren’t included in your application

Apply to the Canada Greener Homes Grant

In order to apply for the loan, you must first apply and be eligible for the Canada Greener Homes Grant.