HomeLoansHow to make the most out of Canada's retrofit loan program

How to make the most out of Canada’s retrofit loan program

Homeowners applying for the federal government’s interest-free loans to make energy-efficient renovations should look into provincial and municipal incentives for extra support, one energy-efficiency expert recommends.

Homeowners applying for the federal government’s interest-free loans to make energy-efficient renovations should look into provincial and municipal incentives for extra support, one energy-efficiency expert recommends.

The federal government launched a long-awaited program in mid-June providing interest-free loans of up to $40,000 for home retrofits — things like replacing fossil fuel heating systems, fixing drafty windows and doors, upgrading wall insulation or installing solar panels.

With rising interest rates, this loan should be enticing to people, but making your home as energy efficient as possible will likely cost more than $40,000, said Brendan…

Read more at www.piquenewsmagazine.com

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