Canada Greener Homes Loan
The Canada Greener Homes Loan assists Canadians in making their residences more energy-efficient and comfortable. In addition to the Canada Greener Homes Grant, it provides interest-free financing to help you complete some of the more significant retrofits suggested by your energy advisor.
The highest loan amount is determined by the retrofits chosen in the application and the quotes for this work. The eligible quantity is limited by industry and market norms. If the maximum eligible loan amount exceeds the quoted cost, you will be liable for funding the difference.
Each qualified property and homeowner is limited to one loan of a minimum of $5,000 and a maximum of $40,000
Only eligible products and installations that are part of a retrofit suggested by an energy advisor and eligible for the grant are eligible for the loan.
To apply for the loan, you must apply and be eligible for the Canada Greener Homes Grant.
Schedule a pre-retrofit EnerGuide evaluation of your home with an energy advisor. They will evaluate your home and recommend making it more energy-efficient and resistant to climate change.
Only retrofits recommended by an energy advisor and from the grant’s list of eligible retrofits and installations are eligible for the loan.
Schedule a pre-retrofit EnerGuide evaluation of your home with an energy advisor. They will evaluate your home and recommend making it more energy-efficient and resistant to climate change.
Only retrofits recommended by an energy advisor and from the grant’s list of eligible retrofits and installations are eligible for the loan.
To submit your application, you will have to upload documentation to the loan portal, such as:
Based on your application, the program will calculate the maximum loan amount you are approved for. You will be asked to carefully review the information and accept the loan agreement to activate your loan offer.
Residents of all provinces except Nova Scotia, Ontario, and Quebec apply for the loan through the Canada Greener Homes Grant portal.
You can access a portion* of your loan funds in advance to pay for upfront costs, such as paying a deposit to your contractor. You can request the advance on your loan during your application by demonstrating that an upfront payment is required. You can do that by uploading the quotes you received from contractors and entering the necessary deposit amounts to do the retrofit.
* Up to a maximum of 15% of the eligible cost of retrofits requiring an upfront payment. This amount is increased to 25% if your property is in the North or off-grid.
Start your work, and keep copies of all your receipts and invoices.
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.
You will receive detailed information on your loan repayment over the ten years.
Making energy-efficient upgrades to your home can help you reduce your energy bills, save money in the long run, increase your home’s value, improve indoor comfort, and contribute to a sustainable future. Energy-efficient upgrades can reduce the wear and tear on appliances and systems, leading to longer lifespans and lower maintenance costs.
CMHC Customer Care team: 1-866-292-9517
Email: Questions@cghli.ca
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