HomeLoansCity of Toronto offers zero-interest loans, incentives to accelerate home retrofits and...

City of Toronto offers zero-interest loans, incentives to accelerate home retrofits and emissions reductions – City of Toronto

News Release

July 7, 2022

Today, the City of Toronto announced the launch of an enhanced Home Energy Loan Program (HELP) that will offer zero-interest loans and incentives to help Toronto homeowners make their homes more energy-efficient and reduce the emissions contributing to climate change. The HELP program has been offering low-interest loans to homeowners since 2014.

Currently, homes and buildings are the largest sources of emissions in Toronto, generating approximately 57 per cent of total community-wide emissions, primarily from the burning of fossil fuels (natural gas) for heating and hot water.

For a limited time, through the enhanced HELP program, Toronto homeowners will be able to access:

  • Zero-interest loans of up to $125,000 for terms of up to 15 years; 20-year terms are available for retrofits that include rooftop solar PV, geothermal, new windows and electric heat…

Read more at www.toronto.ca

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