Greener Homes Rebate and Interest Free Loan
- Written by Hammer
- Category: Industry News
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BANK OF CANADA RAISES BENCHMARK INTEREST RATE 50 BPS OVER AND OVER
This is the latest interest rate news. Many of you have not seen interest rates this high, unless you are my age then you’re likely thinking ok this is annoying but I’ve seen rates much higher.
We are in the window and door business and advocate for efficiency and sustainability. With rising Inflation and high interest rates it’s almost impossible to find a good deal.
Fortunately, we have found a very good deal for you. The Canadian government through the greener homes program is providing interest free loans, yes interest free of up to $40,000. Additionally, it’s interest free for 10 years. Here is the link https://www.nrcan.gc.ca/energy-efficiency/homes/canada-greener-homes-grant/canada-greener-homes-loan/24286
The money has to be spent on renovations that qualify for the Greener home rebate. This includes replacing windows, doors, attic insulation, basement insulation, solar panels etc. The rebates for Windows are $125 or $250 per opening and up to $325 per Opening if you are an Enbridge Customer. You receive an interest free loan to replace your windows plus you receive up to $325 per opening up to a maximum of $5000 or $10,000 if you are an Enbridge customer. Your home will become more comfortable, healthier and the efficiency will save money on your heating and cooling. The energy savings plus the rebate money helps pay back the interest free loan. For the rebate, The house will require an energy audit, the cost of this audit is also re-imbursed through the Greener home program. The audit reveals any air leaks in your home, showing you where to focus your improvements and qualify for further rebates.
In today’s difficult economic climate this is a really good deal that Canadians should take advantage of!!