Canada Greener Homes Grant Program
Canada Greener Homes Grant Program is offering up to $5000 (plus $600 toward the cost of your assessments) for making energy-efficient upgrades to your home- such as insulation,
windows/doors, draft-roofing, heat pumps, heat pump water heaters, solar electric generation & thermostats.
They will even contribute to “Resiliency Measures” such as foundation water-proofing &/or moisture proofing, roofing membrane, and batteries for home standby power.
**must be combined with energy savings measures)
Mortgage Insurance Rebates
Many New Home buyers require Home Owner’s Mortgage Insurance to be able to obtain financing for their purchase.
But most people are unaware of the fact they are eligible for up to a 25% reduction in the mortgage fees for purchasing an Energy-Efficient New home, or for improving the energy efficiency of an older home.
These savings are often referred to as “Green Mortgages”
On a $750,000 purchase 5% down, the CMHC premium is $19,594
A 25% discount is $4898
For a “New-Build Home” the criteria is typically a verification that the home exceeds the energy efficiency of a “code-built” home by a specified amount. A single Energy Assessment is required, which will verify if the home will qualify.
For an Existing Home, upgrades are required to show the home has been made more energy efficient- using either a percentage factor, or by a specific GigaJoule (GJ) amount. (GJ is a measure of energy- 1 GJ equals approximately 27 litre of fuel oil, 39 litres of propane, 25 cubic meters of Natural Gas)
This will require 2 energy assessments- a pre retrofit & a post retrofit assessment.
**Upgrades made to the home may also qualify for the Enbridge HER+ Rebate program
The three (3) most common companies providing mortgage insurance are:
**conditions apply
**details of the Green Mortgages are often shuffled within the websites - which may make it difficult to find - but keep searching - the result can be very rewarding.
Enbridge Gas Home Efficiency Rebate Program
Enbridge Gas Home Efficiency Rebate Program is offering rebates up to $5000 for making energy efficient upgrades to your home. This is available for homes that have a furnace or boiler fueled by Enbridge Gas
**conditions apply
HER+
Effective January 1 2023, the Canada Greener Homes Grant Program and the Enbridge Home Efficiency Rebate Program (HER), have merged into the new “Enbridge Home Efficiency Rebate PLUS” (HER+) Program.
For Enbridge clients, the potential rebates have been enhanced to a maximum of $10,000 for eligible measures.
All “New” customers will be enrolled in the HER+ program
Existing clients (clients that have completed a Pre-Retrofit assessment prior to January 1 2023) have the option of transitioning to the new HER+ program, or remaining in the original HER &/or the Canada Greener Homes Grant Program when the Post-Retrofit assessment is completed.
**This option is available until April 30th 2023
**All clients will be transitioned to the HER+ effective May 1st 2023
In addition to the listed Rebates, if clients have completed a Post Retrofit assessment and have completed eligible upgrades, all clients in the programs are eligible to receive an additional $600 Assessment Rebate. This rebate is intended to off-set the fees for the assessments performed.
**conditions apply
