Canada Greener Homes Initiative Launches New Interest-Free Loan Program
The Canada Greener Homes Initiative has expanded to make energy efficient upgrades even more accessible! Aside from offering the $5,600 rebate program, they have now launched a new interest-free loan program. This loan is designed to help you finance eligible products and installations for your home.
This is an unsecured personal loan ranging from a minimum of $5,000 and maximum of $40,000 with a repayment term of 10 years, completely interest-free. To be eligible, you must meet a few requirements before applying for the loan:
• You must apply and be eligible for the Canada Greener Homes Grant
• You must be a Canadian homeowner and your home must be your primary residence
• You have completed a pre-retrofit evaluation April 1, 2020 or later
• You have a good credit history and aren’t under:
o A consumer proposal
o An orderly payment of debt program
o A bankruptcy or equivalent insolvency proceeding
If you are currently in the process of completing a Greener Homes Grant application, the loan application will become available to you after you’ve completed your pre-retrofit evaluation. If you have moved past this stage or have already started/completed your retrofits, you will no longer be eligible to apply for the loan program.
Our team at Azgard offers complimentary application processing for our solar customers. If you are interested in starting a solar project, please reach out to us to receive a free quote and to get started on a Greener Homes application.
For full details on the Greener Homes Loan program and the application process, click here (https://www.nrcan.gc.ca/energy-efficiency/homes/canada-greener-homes-grant/canada-greener-homes-loan/24286)