Solid aid for Canadians to modernize their homes
Canadians who want to make their homes greener can get an interest-free loan of up to $40,000 CAD from the federal government.
As one of the most developed countries in the world, Canada does not forget to take care of the environment, regularly offering new solutions to reduce harmful emissions.
Canadian environmentalists are extremely concerned that buildings as a whole account for 18% of greenhouse gas emissions, so experts are working tirelessly on projects designed to reduce this figure.
The purpose of an earlier Canadian government grant Canada Greener Homes was to help homeowners retrofit their homes to reduce their energy use as much as possible. Participants in the program received up to $5,000 CAD for installing solar panels, replacing windows and doors, upgrading floor insulation, etc.
To qualify for a grant, you must start with an EnerGuide home assessment, which is completed by a registered energy consultant and recommendations. Next, at least one retrofit is required, and only then is the participant eligible to sign up for a grant.
The government has been sensitive to the fact that not every family can find the funds before getting reimbursed, so on June 17, 2022, it introduced a new program Greener Homes Loan, an interest-free loan that will help meet some of the biggest upgrades recommended in the evaluation process.
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