Canada Greener Home Loan

The moment all homeowners were waiting for has arrived! The government has announced on June 17, 2022 the launch of " Canada Greener Home Loans", It offers interest-free financing for up to $40,000 in addition to the Canada Greener Homes Grant to help you complete some of the more major retrofits and helps Canadians make their homes more energy efficient and comfortable.


How much can I get?

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. 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.

Who is Eligible? June 17, 2022 - The Canada Greener Homes Loan is now open to:

  • Eligible applicants who are applying to Canada Greener Homes Grant.

  • Active applicants at the pre-retrofit EnerGuide evaluation stage with the Canada Greener Homes Grant.

By August 31, 2022, The Canada Greener Homes Loan will open to: Homeowners who have already received a grant or requested a post-retrofit EnerGuide evaluation under the Canada Greener Homes Grant and want to apply for any remaining eligible retrofits they are interested in pursuing and have not yet commenced. There are a few eligibility requirements to meet before applying for the loan:

You must apply and be eligible for the Canada Greener Homes Grant.

  • You must be a Canadian homeowner and your home must be your primary residence

  • You have completed pre-retrofit evaluation of your home dated April 01, 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

You will be asked to share financial information to demonstrate that you have the financial capacity to repay the loan.


How to apply? 1. Apply to the Canada Greener Homes Grant Check your eligibility and submit an application to the Canada Greener Homes Grant. In order to apply for the loan, you must be eligible for the grant.

2. Get a pre-retrofit EnerGuide evaluation A service organization will reach out to schedule a pre-retrofit EnerGuide evaluation of your home with an energy advisor. They will evaluate your home and make recommendations on how to make it more energy efficient and resistant to climate change. Only retrofits that have been recommended by an energy advisor and are from the grant’s list of eligible retrofits and installations are eligible for the loan. 3. Plan your retrofits and get quotes. Review the report’s recommendations and decide which retrofits work best for your budget and renovation plans. Refer to Tricity windows and doors to book your free consultation and estimate for windows and doors. Please be advised that you can’t ask for a bigger loan if you decide to do more retrofits later, so it’s important to plan your work in advance before applying for the loan.

4. Submit an application to the loan Log in to your Canada Greener Homes Grant account and click on the button to access the loan portal. To submit your application, you will have to upload documentation to the loan portal, such as:

  • your property tax statement

  • your driver's license or other government issued ID together with a utility bill

  • a confirmation of income and employment (for example, a job letter or a T4 slip)

  • your quotes from contractors

Based on your application, the program will calculate the maximum loan amount you are approved for. To activate your loan offer, you will be asked to carefully review the information and accept the Loan Agreement. Please note: a portion of the loan can be delivered to you up front in order to pay applicable down payments to contractors. The balance of the loan will be delivered upon successful completion of the retrofits, and verification through a post-retrofit evaluation. 5. Complete your retrofits and keep receipts and invoices Start your work and make sure to keep copies of all your receipts and invoices along the way.

6. Get a post-retrofit EnerGuide evaluation Once the retrofits are complete, contact your service organization to request a Post-Retrofit EnerGuide evaluation. An energy advisor will evaluate the impact of your improvements and provide you with an updated EnerGuide label and a new report that estimates how much you can receive for your grants.

7. Receive your loan amount The energy advisor will update the information related to your final evaluation in the grant portal including the estimates of your final grant amount. You will also have to upload all your final invoices/receipts to the grant portal and receipts for the retrofits to the loan portal. The loan amount will be reviewed again based on the actual cost of the completed retrofits, less the recommended grant amount.

  • If the actual costs of the completed retrofits are lower than the initial cost estimates, it will be adjusted downwards. 

  • If the actual costs are higher than the initial cost estimate, it will not increase.

The final approved loan amount will be deposited into your bank account (less the initial advance, if you received one) within 10 days. 8. Repay your loan over time You will receive detailed information on the repayment of your loan over the 10-year period.

Your renovation is more affordable than ever, call us now for free estimate: 519-721-2924

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