Maximum: $40,000 Minimum: $5,000 Repayment term: 10 years, interest-free Loan type: Unsecured personal loan on approved credit
The maximum eligible loan amount is calculated based on the retrofits selected in the application and the quotes for this work. The eligible amount is capped based on industry standards and market norms. The maximum eligible loan amount may be less than your quoted cost, in which case you will be responsible for funding any difference.
A maximum of one loan is available per eligible property and homeowner.
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.
All loan applicants
There are a few eligibility requirements to meet before applying for the loan:
You must be eligible for and apply for the Canada Greener Homes Grant or the equivalent provincial program
You must be a Canadian homeowner, and your home must be your primary residence
You have completed a pre-retrofit evaluation of your home dated April 1, 2020, or later
You will be asked to share financial information to demonstrate that you have the financial capacity to repay the loan.
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 Canada Greener Homes Loan for any remaining eligible retrofits they wish to pursue, but 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.
How to apply to the loan for any remaining recommended retrofits that have not yet started
To apply for the loan you will require a new Pre-Retrofit EnerGuide evaluation detailing any recommended retrofits that you have not started.
To maintain your eligibility for the Greener Homes Loan, please do not start any recommended retrofits for which you wish to obtain loan funding under the initiative.
After you have applied to the Greener Homes Loan and have completed your additional retrofits, a new Post-Retrofit EnerGuide evaluation will be required to validate the completion of your work, prior to funding. Please follow the guidance in the Greener Homes Grant portal or provincial program for steps on how to request your Post-Retrofit EnerGuide evaluation.
Please note that a new pre and post evaluation comes at an additional cost, which must be covered by the applicant.
This loan does not apply to the following work:
work that you’ve already started or completed
retrofits that haven’t been recommended by an energy advisor
retrofits that are not eligible for a Canada Greener Homes Grant
retrofits that aren’t included in your application
You must own the home(s) or have a formal partnership to represent the owners, but the homes do not need to be the owner’s primary residence
Your home must be occupied by an Indigenous household
You must select at least one eligible retrofit for each property subject to the loan
Applying as an Indigenous government or organization?
Find dedicated support for your application by contacting: 1-866-292-9517
Northern and off-grid communities
Canadians living in northern and off-grid communities face specific challenges when it comes to completing home retrofits, including higher equipment and labour costs. To help with this, all retrofit amounts have been adjusted to provide an additional 30% for northern and off-grid communities.
Additionally, homeowners living in northern and off-grid communities are eligible for replacements of existing fossil-fuel burning equipment. Further, homeowners living in a northern community are eligible for additional insulation measures (attic, ceiling, and exposed floor insulation).
Ensuring your application is complete and accurate will improve processing time and allow you to start your retrofits sooner.
You cannot start any work until your loan application has been submitted. Any retrofits started before submitting your application are ineligible.
We recommend that you do not start any work before your loan application has been approved. If you choose to begin your retrofits before your loan application is approved, you are responsible for all costs if your application is declined.
Submitting an application with incomplete and/or inaccurate information will cause delays. Do not submit your loan application with missing documents or incomplete information.
Your loan application must include all retrofits that you plan to complete. Retrofits that are not included in your loan application cannot be added later.
If you include retrofits in your application that you later decide not to complete, these will be subtracted from your loan before final funding. The adjusted loan amount must be at least $5,000 to remain eligible.
Make sure that the quotes from contractors are clear and show the cost of the eligible energy efficient retrofits.
The maximum eligible loan amount is calculated based on the retrofits selected in the application and the quotes for this work. The eligible amount is capped based on industry standards and market norms. The maximum eligible loan amount may be less than your quoted cost, in which case, you will be responsible for funding the difference.
Once approved, up to 15%* of the loan can be delivered up front if a deposit is required by your contractor. The initial advance is only available for retrofits that require a deposit. The balance of the loan will be delivered once the retrofits have been completed and verified through a post-retrofit evaluation.
You can request the initial advance during your application by uploading the quotes from contractors and entering the deposit amounts required to do the retrofit.
*The initial advance is increased to 25% if your property is located in the North or off-grid.
A service organization will reach out to schedule a pre-retrofit EnerGuide evaluation of your home with an energy advisor. They will evaluate your home and make recommendations on how to make it more energy-efficient and resistant to climate change.
3. Plan your retrofits and get quotes from contractors
Review the report’s recommendations and decide which retrofits work best for your budget and renovation plans. Speak with contractors and get at least 1 to 3 quotes for each of the retrofits in your plan.
You can’t ask for a bigger loan if you decide to do more retrofits later, so it’s important to plan your work in advance before applying for the loan.
4. Submit an application to the loan
Log in to your Canada Greener Homes account, and click the button to access the loan portal. To submit your application, you will have to upload documentation to the loan portal, such as:
your property tax statement
your driver’s licence or other government-issued ID, together with a utility bill
a confirmation of income and employment (for example, a job letter or a T4 slip)
your quotes from contractors
Based on your application, the program will calculate the maximum loan amount you are approved for. To activate your loan offer, you will be asked to carefully review the information and accept the loan agreement.
Residents of Nova Scotia, Ontario and Quebec apply for the loan only after receiving your pre-retrofit evaluation.
Please note: a portion of the loan can be delivered to you up front in order to pay applicable down payments to contractors. The balance of the loan will be delivered once the retrofits have been successfully completed and verified through a post-retrofit evaluation.
You can access a portion* of your loan funds in advance to pay for upfront costs, such as paying a deposit to your contractor. You can request the advance on your loan during your application by demonstrating that an upfront payment is required. You can do that by uploading the quotes you received from contractors and by entering the deposit amounts required to do the retrofit.
* Up to a maximum of 15% of the eligible cost of retrofits requiring an upfront payment. This amount is increased to 25% if your property is located in the North or off grid.
5. Complete your retrofits and keep receipts and invoices
Start your work, and make sure to keep copies of all your receipts and invoices along the way.
6. Get a post-retrofit EnerGuide evaluation
Once the retrofits are complete, contact your service organization to request a post-retrofit EnerGuide evaluation. An energy advisor will evaluate the impact of your improvements and provide you with an updated EnerGuide label and a new report that estimates how much you can receive for your grants.
7. Receive your loan amount
The energy advisor will update the information related to your final evaluation in the Canada Greener Homes portal, including the estimates of your final grant amount. You will also have to upload all your final invoices and receipts to the Canada Greener Homes portal, and receipts for the retrofits to the loan portal. The loan amount will be reviewed again based on the actual cost of the completed retrofits.
If the actual costs of the completed retrofits are lower than the initial cost estimates, the loan amount will be decreased
If the actual costs are higher than the initial cost estimate, the loan amount will not be increased
The final approved loan amount will be deposited into your bank account (less the initial advance, if you received one) within 10 days.
8. Repay your loan over time
You will receive detailed information on the repayment of your loan over the 10-year period.
What you need to know
What is the difference between the grant and the loan?
The grant provides:
up to $5,000 of the eligible, recommended retrofits that you complete
up to $600 toward your eligible evaluations
The grant is available once:
the retrofit and post-retrofit evaluation are complete
the final invoices have been provided
Natural Resources Canada has completed the final assessment of the grant amount
Loan funds are also available once:
the retrofit and post-retrofit evaluation are complete
the final invoices have been provided
your final loan amount has been assessed
You may be eligible to receive a portion of your loan funds in advance to pay for eligible upfront costs.
The loan can be up to $40,000, has a 10-year repayment term and is interest-free.
If I’ve already applied for the grant, how do I apply for the loan?
Apply for and be eligible for the grant.
Book a pre-retrofit evaluation of your home.
Decide which retrofits you’d like to complete from your energy advisor’s Renovation Upgrade Report.
Seek out quotes from contractors for the recommended retrofits you plan to complete (one quote is mandatory, 3 quotes are optimal).
Submit an application for the loan, including your quotes, through the Canada Greener Homes Grant portal (or your Greener Homes account).
I’ve already started or completed my retrofits – how do I apply for the loan?
You must be approved for the loan before you start your retrofits.
You won’t be able to submit an application for the loan if you’ve already started or completed your retrofits, even if they were included in your pre‑retrofit evaluation report.
To be eligible for a loan, you must apply, upload 1 to 3 quotes from contractors, and be approved through the Canada Greener Homes Grant portal before you start any retrofits.
Can I get the loan without applying for the grant?
No, only homeowners who are eligible for the Canada Greener Homes Grant can apply for the Canada Greener Homes Loan.
Will this loan appear on my credit bureau?
Yes, the loan and its performance will be reported to Equifax Canada.
What other resources are available for sustainable and affordable housing?
The Government of Canada has other resources to support more sustainable and affordable housing:
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