Canada Greener Homes Loan: Still Available to Help Make Your Home Energy Efficient
The Canada Greener Homes Loan continues to offer interest-free financing to help Canadians make their homes more energy efficient and comfortable. This loan is designed to support eligible retrofits that are recommended by an energy advisor and have not yet been started.
Key Features of the Canada Greener Homes Loan:
- Maximum Loan Amount: $40,000
- Minimum Loan Amount: $5,000
- Repayment Term: 10 years, interest-free
- Loan Type: Unsecured personal loan on approved credit
Important Guidelines:
- Do not start any retrofit work before submitting your loan application, as retrofits started before the application are ineligible.
- Up to 15% of the loan can be delivered upfront to cover any deposits required by your contractor.
Eligibility:
- Must be a Canadian citizen, permanent resident, or non-permanent resident legally authorized to work in Canada.
- The home must be your primary residence and you must own it.
- A pre-retrofit evaluation must be completed and retrofits must not have started.
- You must have a good credit history and meet other specified criteria.
For detailed information and to apply for the loan, visit the Canada Greener Homes Loan page.
Take advantage of this opportunity to improve your home’s energy efficiency and contribute to a greener future!