The Canada Greener Homes Loan program helps lower the upfront cost for Canadians to go solar on their homes with a federally funded interest free loan.
Loan Details
The Canada Greener Homes Loan offers interest-free financing to homeowners for various retrofits, including solar panel installations. Homeowners can receive loans from $5,000 to $40,000 to choose retrofits that best suit their needs and budget.
Eligibility
To benefit from the Canada Greener Homes Loan, homeowners must meet the eligibility requirements. Our team can guide homeowners through the process of completing a pre-retrofit evaluation, an essential step in accessing the loan. This assessment helps identify opportunities for solar panel installations and other energy-efficient retrofits that align with their budget and sustainability goals.
Application Process
We simplify the application process for the Canada Greener Homes Loan, making it easier for homeowners to secure financing. Homeowners can benefit from a streamlined process that integrates solar retrofits seamlessly into their loan application.
The Canada Greener Homes Grant HAS ENDED
The Canada Greener Homes Grant has ended. Funding for these programs aren’t finite. Do not wait any longer to apply for the loan program. Not all qualify, funding will run out eventually.
Solar Assessment and Recommendations
A pre-retrofit EnerGuide evaluation is conducted by a service organization to assess the energy performance of the home. This comprehensive analysis identifies areas where energy efficiency can be improved and provides valuable recommendations.
Only retrofits recommended by the energy advisor and listed as eligible retrofits and installations under the grant program are eligible for the loan. We ensure homeowners receive accurate guidance on eligible retrofits to maximize the loan’s benefits.
Loan Application
Submitting an application for the Canada Greener Homes Loan is straightforward with our guidance. Here are the steps involved:
Log in to your Canada Greener Homes account
Visit the Canada Greener Homes portal and log in using your credentials. If you reside in Nova Scotia, Ontario, or Quebec, apply for the grant through your provincial co-delivery organization before accessing the loan portal.
Access the loan portal
Navigate to the loan portal section to submit your application for the Canada Greener Homes Loan.
Gather required documentation
You will need to provide various documents, including:
Property tax statement
Prepare a copy of your property tax statement to verify your ownership of the home.
Government-issued identification
Upload a scanned copy of your driver’s license or other government-issued ID, and a recent utility bill to confirm your address.
Confirmation of income and employment
Include documents that validate your income and employment, such as a job letter or a T4 slip.
Quotes from contractors
Obtain quotes from contractors for the retrofits you plan to undertake. These quotes will help determine the loan amount.
Submit your application
Fill out the required fields in the loan portal and upload the necessary documentation. Review your application carefully before submitting it.
Loan calculation and offer acceptance
The program will calculate the maximum loan amount you are approved for based on your application. You will receive a loan offer, which you should thoroughly review. If satisfied with the terms and conditions, accept the loan agreement to activate the loan offer.
Access upfront funds
The Canada Greener Homes Loan provides the option to receive a portion of the loan upfront to cover costs like contractor deposits. You can request an advance by demonstrating the need for upfront payments. The advance is limited to 15% of the eligible retrofit costs, with a 25% limit for properties in the North or off-grid areas.
Completion of retrofits and post-retrofit evaluation
Once your loan is approved, proceed with the retrofit work. Upon completion, a post-retrofit EnerGuide evaluation will verify the improvements made. Keep all receipts and invoices for documentation purposes.
Apply for the Canada Greener Homes Loan
We assist homeowners in applying for the Canada Greener Homes Grant, ensuring they meet the necessary eligibility requirements. Fill out our form to connect with a guide.