The City of Toronto is offering zero-interest loans of up to $125,000 for green home retrofits.
In a news release issued Thursday, the City said homeowners will be able to access the loans for terms of up to 15 years, with 20-year terms available for retrofits that include rooftop solar PV, geothermal, new windows and electric heat pumps.
Homeowners will also be able to access incentives for specific measures including electric heat pumps, rooftop solar, and deep retrofits.
“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,” the statement said.
