Greener Homes Loan
Interest-free loans of up to $40,000 are available from the federal government to help homeowners pay for the cost of retrofits.
The Greener Homes Loan works alongside the Canada Greener Homes Grant program.
With a 10 year, interest-free repayment term, homeowners may opt in to the loan when pursuing retrofits like insulation, heat pumps, solar panels, and more.
Energy advisors play a key part in the delivery of the loan.
Booking an energy evaluation is a requirement to qualify for the loan.
Greener Homes Grants
Government of Canada
How to Apply
Greener Homes Loan
Book your evaluation
Once you have selected HomeStep.ca you are automatically added to our waitlist.
If you have finished creating your application you are ready to book your in-person energy evaluation
We will also contact you directly once your application appears in our waitlist.
Pre-retrofit EnerGuide home evaluation
You must complete a pre-retrofit EnerGuide evaluation before beginning the retrofits to be eligible for the grant.
An energy advisor performs the pre-retrofit EnerGuide evaluation, to measure the efficiency of your home. The evaluation is in-person and takes 1-2 hours. The advisor can provide upgrade guidance at this time.
Plan your retrofits and get quotes
Review the report’s recommendations and decide which retrofits work best for your budget and renovation plans. Speak with contractors and get at least 1-3 quotes for each of the retrofits in your plan.
Submit an application for the loan
After the pre-retrofit EnerGuide evaluation is complete, you will be provided a report with the results and our recommendations. After review, you can decide which retrofits work best for you.
Complete your retrofits and keep your receipts
Start your work and make sure to keep copies of all your receipts and invoices along the way.
Post-retrofit EnerGuide evaluation
Book a post-retrofit EnerGuide evaluation, and submit the required documents online or by mail. Once complete, your new EnerGuide label will show you how much more energy-efficient your home has become.
Receive your loan amount
You will be asked to confirm your total grant amount, which will cover part of your retrofits cost and the cost of the energy advisor. After confirmation, you will receive a cheque by mail within 30 business days.
Repay your loan over time
You will receive detailed information on the repayment of your loan over the 10-year period.
For details, see government website
When will I receive the loan?
The loan and grant amounts are provided to homeowners after work has been completed and you complete the post evaluation.
You may be eligible to receive up to 15% of your loan funds in advance to pay for eligible upfront costs.
Is there a deadline to receive the loan?
Yes, unlike the grant process which has a March 2027 deadline (assuming all 700,000 grants are not claimed). You have 12 months from your loan application to complete the work and request your final loan payment.
Greener Homes Grant
The Canada Greener Homes Grant incentive introduced by the federal government makes grants up to $5000 available for homeowners to help pay for the cost of energy efficient retrofits. Eligible rebates qualify for an additional $600 to help pay for the evaluation
Renovations that are eligible for the Greener Homes Loan Program are also eligible for a Greener Homes Grant. Don't miss out on your $5,600 rebate!