Incentive Programs
According to experts, home energy retrofits are a proven way for Canadians to improve comfort, save energy, and reduce greenhouse gas emissions.
Did you know you can combine incentives with your Better Homes Peterborough loan to maximize your savings on home energy upgrades?
Federal, provincial, and municipal programs offer financial incentives to help with the cost of retrofit projects — but figuring out which ones apply to your home can be complicated.
That’s where we come in. This page will walk you through the available incentives, and our Energy Coach is here to help you navigate the process, identify the best options for your home, and make sure you get the most out of every opportunity.
Programs for
Homeowners
Better Homes Peterborough Loan Program:
Our loan program offers low-interest financing up to $50,000 to help homeowners make energy efficient improvements.
Canada Greener Homes Loan:
This federal program offers interest-free loans up to $40,000, repayable over 10 years. The funds can be used for energy efficiency upgrades.
Home Renovation
Savings (HRS) Program:
Get rebates for energy-saving upgrades, including windows, doors, insulation, smart thermostats, heat pumps, and solar panels.
Home Renovation Savings (HRS) Smart Thermostat Program:
Through this program, you can save $75 on a qualifying smart thermostat for your heating system.
CMHC Eco Plus Program:
Canada’s national housing agency offers a rebate of up to 25% on your mortgage insurance premium for energy upgrades in your new home.
Oil to Heat Pump
Affordability Program:
This federal program offers grants up to $10,000 to income-qualified homeowners who wish to replace oil heating with electric heat pumps.
Save on Energy
Affordability Program (EAP):
Eligible Ontario households can receive free energy-saving upgrades, including insulation and ENERGY STAR® appliances.
Enbridge Home
Winterproofing Program:
Low-income homeowners in Ontario can receive free home assessments and upgrades like smart thermostats, insulation, and air sealing.
Programs for
Tenants
As a renter, you need to work with your landlord for any changes to your home. If you pay energy bills and want to save money while making your space cozier, consider these options:
Save on Energy Affordability Program (EAP):
This program offers eligible renters in Ontario free upgrades to save energy, such as insulation and ENERGY STAR® appliances.
Enbridge Home Winterproofing Program:
Low-income renters in Ontario can receive free home assessments, smart thermostats, insulation, and air sealing upgrades.
Income-Qualified Tenants
If you own or rent your home and meet the income criteria, you may qualify for these programs:
Enbridge Home Winterproofing Program:
Renters in Ontario who qualify can get free home assessments. They will also receive smart thermostats, insulation, and air sealing upgrades.
Low-Income Energy Assistance Program (LEAP):
This program offers emergency funds to residents behind on their gas or electricity bills.
Save on Energy Affordability Program (EAP):
This program offers free energy-saving upgrades to qualified renters in Ontario. These include insulation and ENERGY STAR® appliances.
Programs for
Landlords
As a landlord, you can access the same incentives as homeowners to upgrade your units, cut energy use, and improve your buildings.
Rebate programs are available for:
- Single-family homes
- Townhouses
- Semi-detached homes
- Small multi-unit (part 9) buildings
Better Homes Peterborough Loan Program:
This program offers low-interest financing up to $50,000 to help homeowners make energy efficient improvements.
Home Renovation Savings (HRS) Program:
This program offers rebates for energy-saving upgrades, such as windows, doors, insulation, smart thermostats, heat pumps, and solar panels.
Home Renovation Savings (HRS) Smart Thermostat Program:
You can save $75 on a qualifying smart thermostat for your heating system.
CMHC Eco Plus Program:
You can get a rebate of up to 25% on your mortgage insurance premium for energy improvements in your new home.