The Canada Greener Homes Loan offers interest-free loans to help homeowners make energy-efficient retrofits to their homes. The repayment term on the loan is 10 years and amounts range from a minimum of $5,000 to a maximum of $40,000. Your local Co-op can help by providing superior products and expert advice on loan-eligible products to help you complete your retrofits.

Natural Resources Canada (NRCan) owns and manages the Canada Greener Homes Loan initiative; all applications and eligibility are at the sole discretion of NRCan. As the homeowner, you are responsible for meeting all application requirements and ensuring eligibility when applying. Co-op will not formulate or request the loan on your behalf and does not guarantee in any way that your application will be approved and/or issued by NRCan. The purpose of this webpage is to be educational and informa tive. Co-op does not guarantee that the information contained herein is accurate. Details about the loan, its requirements and eligibility criteria are available on the NRCan website:

Disclaimer: The cost of pre- and post-evaluations are not covered by the loan.

Who is eligible?

Eligible homeowners in Canada, regardless of where they live, can participate in the initiative. Only one homeowner per home can register.

There are a few basic requirements including:

• You must be a Canadian citizen, permanent resident or non-permanent resident who is legally authorized to work in Canada.
• You must own the home and it must be your primary residence.
• You have a pre-retrofit evaluation and have not yet had a post-retrofit evaluation.
• Your pre-retrofit evaluation was completed on or after April 1, 2020.
• You have not started the retrofits for which you are seeking a loan.
• You have a good credit history and are not in: a consumer proposal; an orderly payment of debt program; a bankruptcy or equivalent insolvency proceeding.

Low-rise multi-unit residential buildings and Indigenous group applicants have some slightly different requirements. Please visit the Canada Greener Home Loan website for details.

Eligible property types:

• Single and semi-detached houses
• Row housing
• Townhomes
• Mobile homes on a permanent foundation
• Permanently moored floating homes
• Mixed-use buildings (residential portion only)
• Low-rise, multi-unit residential buildings (three storeys or less with a footprint of 600 m2 or less)

Requirements & process

You must:

Complete a pre- and post-retrofit EnerGuide evaluation.

Complete at least one retrofit that is both eligible and recommended by your energy advisor in their report. Only homeowners who conduct at least one retrofit will be reimbursed.

Provide and keep copies of all of your documents until March 31, 2028. All products must be purchased in Canada.

The step-by-step process is as follows:

Specific details on each of these steps can be found on the Canada Greener Home Loan website

Loan Application Tips

1. You cannot start any work until your loan application has been submitted. Any retrofits started before submitting your application are ineligible. If you choose to begin your retrofits before your loan application is approved, you are responsible for all costs if your application is declined.
2. Submitting an application with incomplete and/or inaccurate information will cause delays. Do not submit your loan application with missing documents or incomplete information.
3. 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.
4. 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.