Canada Greener Homes Loan
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.
Eligibility
The below eligibility criteria is taken from the official Canada Greener Homes Loan program page on the Natural Resources Canada website.
For full, official eligibility requirements, click the bottom
All loan applicants
There are a few eligibility requirements to meet before applying for the loan:
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You must apply and be eligible for the Canada Greener Homes Grant or provincial program for Nova Scotia and Quebec
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You must be a Canadian homeowner and your home must be your primary residence
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You have completed pre-retrofit evaluation of your home dated April 01, 2020 or later
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You have a good credit history and aren’t under:
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an orderly payment of debt program
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a bankruptcy or equivalent insolvency proceeding
All loan applicants
The Canada Greener Homes Loan is now open to homeowners who wish to apply or have an active application (at the pre-retrofit stage), with the Canada Greener Homes Grant.
Starting August 31, 2022, homeowners who have already requested a post-retrofit evaluation or received a grant payment will be eligible to apply to the Greener Homes Loan for any remaining eligible retrofits they wish to pursue, that have not yet started.
Homeowners who have completed all their retrofits are not eligible to apply for the Canada Greener Homes Loan. However, homeowners may be eligible to apply to the loan for any remaining recommended retrofits that have not yet started.
Apply for the Greener Homes Grant or the Greener Homes Loan
Remember, before you can apply for the loan, you must:
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Be approved for the Greener Homes Grant
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Have a pre-retrofit evaluation done and have your renovation upgrade report
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Receive quotes from contractors for the retrofits you plan to do
Please note: You will only receive your final loan amount after your completed work has been verified through a post-retrofit evaluation
This loan does not apply to the following work:
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work that you’ve already started or completed
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retrofits that haven’t been recommended by an energy advisor
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retrofits that are not eligible for a Canada Greener Homes Grant
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retrofits that aren’t included in your application
Low-rise Multi-Unit Residential Buildings (MURBs)
Individual homeowners living in a low-rise MURB must meet the additional eligibility criteria for MURBs outlined in the Canada Greener Homes Grant.
How to apply
1. Apply to the Canada Greener Homes Grant
2. Get a pre-retrofit EnerGuide evaluation
3. Plan your retrofits and get quotes from contractors
4. Submit an application to the loan
5. Complete your retrofits and keep receipts and invoices
6. Get a post-retrofit EnerGuide evaluation
7. Receive your loan amount
8. Repay your loan over time
Ecogreen Insulation is Your Contractor of Choice
Once you have applied for the Canada Greener Homes Loan and completed your pre-work EnerGuide energy assessment, the next step is getting quotes from reputable contractors to complete your retrofit upgrades.
At Ecogreen Insulation we will help you assess your insulation needs and provide a no-cost quotation. Our highly trained and fully licensed courteous installation experts will complete your work on time and on a budget click here to contact us today.
