The Greener Home Loan & Home Efficiency Rebate (HER) program In Toronto
Updates to funds available for Homeowners Under Combined Home Energy Programs
- The new Home Efficiency Rebate Plus program includes rebates of up to $5,000
- The Canada Greener Homes Loan is a government, unsecured, 10-year, interest-free loan for up to $40,000 for retrofits eligible under the rebate program.
- For some eligible heat pump systems this can mean as much as 10% of the after tax installed cost is covered by a rebate. Remember, you can also maximize your rebate for other items like insulation, and then use your rebate dollars to purchase heating and cooling equipment that may not be eligible under this program, but will still make your home more efficient and comfortable.
- We all have to focus on the overall goal being to both improve a home’s ability to retain heat, while improving the efficiency of the equipment that gets us there.
The process is straightforward, and starts by contacting an accredited Home Energy Advisor (we have included a couple of suggestions for you below) for a pre-retrofit energy assessment. They will provide you with a report that provides your starting point. There is also an updated list of Advisors on the Enbridge website.
Read below and visit the various websites for details. Keep in mind that these government programs are subject to change at any time and are based on available funding, so the sooner you start the process the better.
Canada Greener Homes Loan
Loan details:
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 as 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.
Canada Greener Homes $40k Loan
Home Efficiency Rebate (HER)
Updated in July 2024: Rebates through a continuing partnership with Enbridge Gas and Canada’s Greener Homes Grant.
Modified in July 2024, Enbridge Gas and Canada’s Greener Homes Grant will offer rebates towards eligible retrofits such as home insulation, windows and doors, ductless and central heat pumps, water heaters and renewable energy systems. The Home Efficiency Rebate program will help more Ontarians save energy at home. This is great news for residents across the province, including current Enbridge Gas customers who use natural gas to heat their homes and will benefit from total rebates up to $5,000. Participants can also offset the cost of their EnerGuide home evaluation with an additional rebate up to $600.
https://www.enbridgegas.com/residential/rebates-energy-conservation/home-efficiency-rebate-plus
This program is also open to landlords if you are an existing Enbridge client, or the home is not your primary residence.
If you are an Enbridge Gas customer who heats your home with natural gas at the time of your pre-retrofit energy assessment, or you are in the process of converting to a natural gas heating system, you can participate in the Home Efficiency Rebate Plus (HER+) program, regardless if your home is your primary residence.
If you own a home that is your primary residence, the HER+ rebates with be co-funded by Enbridge Gas and Canada Greener Homes Grant (CGHG). However, if you own a home that is not your primary residence (including rental units), the HER+ rebates will be funded only by Enbridge Gas exclusively
