Government Launches Retrofit Loan Program

The Government of Canada will launch the Canada Greener Homes Loan homeowners stream, a program that will provide $4.4 billion in interest-free loans of up to $40,000 per household and will be available for Canadians to undertake eligible home retrofits. The loan is an inclusive program designed to help up 175,000 eligible homeowners undertake more costly retrofits that will have a significant impact in reducing a home’s environmental footprint and energy bills and improve home resiliency. The loan will launch in two phases; the first phase is now underway and will be open to eligible homeowners who are applying or have an open application to the Canada Greener Homes Grant. The second phase will start in early September and will expand the eligibility to homeowners who have closed their application, but have remaining retrofits they are interested in pursuing that have not yet commenced. For information, visit Canada Greener Homes Loan