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Matsu
Veteran Member
 
Join Date: May 2004
 
2023-01-04, 15:55

It seems to be the most generous component in the finally published program details for the Canada Greener Homes Loan program. They announced it two years ago in a campaign, and then really dragged their feet with the program design. Different tech/retrofits are eligible for different max loan amount for things like thermostats, heat pumps, insulation, sealing, windows and doors, solar panels and battery back-ups, etc.

The max loan is $40,000 total across all household upgrades or refurbs per home/applicant, but certain retrofits have lower limits, like windows and doors, where it's x-amount/opening up to a max of $5000.

The solar install pays by kW, and describes no upper limit, so I assume you could conceivably install 40kW (unless other rules prevent it) and borrow up to $40K interest free for 10 years.

All work has to be pre-approved and follow eligibility criteria, for example, panels must be sourced from Canadian supplier/distributor, among other conditions.

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