Whether you are planning a large renovation, need new energy-efficient windows or you are dealing with an unplanned furnace replacement, there are many options available to finance energy-efficient improvements, including mortgage loans, personal lines of credit, in-store financing, and credit cards.
City of Toronto’s Home Energy Loan Program
The City of Toronto offers financing of up to up to $75,000 to cover the cover the cost of home energy efficiency improvements through its Home Energy Loan Program (HELP). Eligible upgrades include:
- High-efficiency furnaces / boilers / air conditioners
- Air source heat pumps
- Window / door replacements
- Basement/attic/exterior wall insulation
- Air sealing (e.g. weather stripping or caulking)
- Geothermal systems
- High-efficiency water heaters
- Tankless water heaters
- Drain-water heat recovery systems
- Toilet replacements
- Solar hot water systems
- Rooftop solar PV panels
- Electric vehicle charging stations (Level 2)
- Battery storage
Why Choose HELP?
With low-fixed interest rates, and terms of up to 20-years, HELP makes it easy and affordable for Toronto homeowners to pay these home improvements over time, as they save on energy, and access available rebates. Once funding is approved, homeowners can hire the contractor of their choice and complete their renovations.
To date more than $2 million in loans have been advanced through the City of Toronto’s Home Energy Loan Program.
For more information, please visit the Home Energy Loan Program.