Canada Greener Homes Loan

The Canada Greener Homes Loan offers interest-free loans of up to $40,000 to help homeowners finance energy-efficient retrofits, including Mini-Split heat pumps. This loan program supports deep energy retrofits for Canadians to reduce their energy costs and greenhouse gas emissions.

Loan Amount: Up to $40,000, interest-free.

Requirements:

  • The loan is available only for homeowners who qualify for the Greener Homes Grant.
  • The loan must be used for eligible retrofits, such as heat pumps, insulation, and energy-efficient windows.

How to Apply:

  1. Apply for the Greener Homes Grant: Only homeowners who are eligible for the Greener Homes Grant can apply for the loan.
  2. Submit Your Loan Application: Apply through the Canada Greener Homes Loan portal.
  3. Complete the Retrofit: Once approved, install the heat pump and complete other eligible upgrades.
  4. Repay the Loan: Pay back the loan over a maximum of 10 years, interest-free.
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