Better Homes Peterborough
Loan Program
The Better Homes Peterborough Program offers low-interest financing to help homeowners make energy efficient improvements. Your pathway to a comfortable, affordable and efficient home starts here.
Overview
The Better Homes Peterborough Program is designed to help homeowners reduce energy consumption and greenhouse gas emissions.
To qualify for loans and incentives, homes must achieve at least a 30% reduction in energy use or emissions.
Homeowners will receive personalized support throughout their program journey to ensure a smooth and successful process.
Better Homes Peterborough offers two funding opportunities:
Local Improvement Charge
Term
15 years
Interest Rate
4.50% (fixed)
Min. Loan Amount
$15,000
Max. Loan Amount
$50,000
Application Fee
$450
Financial Institute
Term
5 years
Interest Rate
5.45% (variable)
Max. Loan Amount
$50,000
Application Fee
$450
Eligibility
Requirements
Participation in the program is homeowner initiated.
The property is a residential building – detached, semi-detached, townhouse, or multi-unit buildings of 3 stories or less
All property owners must agree to program enrollment
The property must have a property tax account with the City of Peterborough
Property taxes and all other payment obligations to the City of Peterborough must be in good standing
Application Process
Complete
an Application Form
The City of Peterborough will review your submission to determine program eligibility.
Access the Better Homes Peterborough Portal
After submitting your application form, you will receive instructions on how to access the Better Homes Peterborough Portal. Here you will be able to see the status of your application.
Book your Program Introduction Call
During this call, we’ll go over your goals, determine if you need any additional support or technical assistance, and address any questions you have about program eligibility or requirements.
Receive your Notice to Proceed
Once you have participated in the Program Introduction Call, you will receive your Notice to Proceed that will cover program and funding stream details.
Book your Home Energy Assessment
Schedule your pre-retrofit home energy assessment if you have not completed one or upload your home energy assessment reports to the Better Homes Peterborough Portal.
Book your
Energy Coaching Session
The program’s Energy Coach will walk you through how your project can achieve the program’s energy savings target and help guide you through your retrofit journey.
Submit your Funding Request
Gather quotes from contractors for the projects you’d like to fund through the program.
Determine your funding stream
Decide whether you’d like to proceed through the Local Improvement Charge or the Financial Institute stream.
Book your follow-up Assessment
Once your improvements are complete, schedule a post-retrofit home energy assessment. The updated rating you receive will inform your project’s energy savings.
Submit your Project Completion Report
This involves sharing your final invoices and post-retrofit home energy assessment reports.
Repay your loan
Based on the funding stream selected, you can begin paying back your loan.
Ready to get started?
Apply now to take advantage of the Better Homes Peterborough Loan Program!
Program Incentives
Your energy savings can really pay off. If your home retrofit project significantly reduces energy use or greenhouse gas emissions, you could qualify for one of these performance-based incentives:
$1,000
for projects that achieve a 50% reduction in energy use or emissions
$2,000
for projects that achieve a 75% reduction in energy use or emissions
Savings must be verified through your home energy assessments, and the incentive will be applied as a discount on your loan balance.
Eligible
Measures
The following measures are eligible under the program, provided they meet applicable permits, regulations, and ENERGY STAR® certification requirements:
Building envelope
Attic, walls, foundation, and basement insulation and associated requirements such as:
- Attic ventilation, foundation drainage and waterproofing
- Air barriers, air sealing, and weather stripping
- ENERGY STAR® windows, skylights and exterior door replacements
Mechanical Systems
- Thermostats and controllers
- Energy or heat recovery ventilators
- Air source and ground source heat pumps
- High-efficiency water heaters (i.e., heat pump, electric water tanks, etc.)
- Drain water heat recovery systems
Renewable Energy
- Solar photovoltaic systems
- Battery storage devices
Smart & Other Technologies
- Permanently affixed lighting and lighting controls
- New energy efficient (certified) products
Other Eligible Measures
The following upgrades are subject to no more than 30 per cent of the total loan amount:
- Wiring and electrical service upgrades
- Electric vehicle charging stations (Level 2)
- Back-flow prevention valves
- Low-flow fixtures
- Cosmetics (roofing, foundation, interior walls (drywall, paint), asbestos removal)
- Energy audit and permit costs
Get Started
with the Better Homes Peterborough
Loan Program
Have questions about the program?
Call us at 1-888-284-9417 or
email us at betterhomesptbo@envirocentre.ca