Canada Greener Homes Loan Program

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What is The Canada Greener Homes Loan?

Did you miss your chance to benefit from the Canada Greener Homes Grant? Don’t worry the Canada Greener Homes Loan is here to save the day!

Please note the Canada Greener Homes Grant ended in January 2024.

The Canada Greener Homes Loan offers homeowners the chance to upgrade their windows and doors with a 10-year, interest-free loan! With this loan, you can receive up to $40,000 per property for the necessary retrofits, including the installation of new windows and doors. The amount homeowners will receive is calculated based on the required retrofits, decided through the Energy Assessment completed at the beginning of the loan application.

 

Who is eligible for the Canada Greener Homes Loan?

1. You must be a Canadian homeowner, with your home as your primary residence.
2. You must have completed a pre-retrofit evaluation of your home on or after April 1, 2020.
3. You need to have a good credit history and should not be under:
– A consumer proposal
– An orderly payment of debt program
– Bankruptcy or any equivalent insolvency proceeding
4. You will be required to provide financial information to prove your ability to repay the loan.

canada greener homes loan application details

How to apply for the Canada Greener Homes Loan.

  1. An Energy Assessment needs to be completed
  2. Loan application before any retrofits have started
  3. Upload your official quote sent from NorthShield Windows and Doors
  4. Once approved you can request up to 15% of the full loan amount to pay initial deposits
  5. Complete the retrofits
  6. Organize a follow-up energy assessment
  7. Upload the results of the assessment and retrofit invoices
  8. Receive the full loan amount