Low-interest loan of up to $75,000 in Toronto

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Low-interest loan of up to $75,000 in Toronto

Post: # 47224Post Flipping4Profit.ca
Tue Jun 12, 2018 4:58 am

Low-interest loan of up to $75,000 in Toronto
to cover the cost of home energy improvements

Home Energy Loan Program (HELP)

Through the Home Energy Loan Program (HELP), homeowners can get a low-interest loan of up to $75,000 to cover the cost of home energy improvements, such as:

High-efficiency furnaces / boilers / air conditioners
Windows / doors
High-efficiency water heaters
Rooftop solar PV panels
Solar hot water systems
Drain-water heat recovery systems
Air Sealing

With rates as low as 2%, and terms of up to 15 years,Home Energy Loan Program (HELP) makes it easy for homeowners to avoid the high upfront cost of renovations and access up to $2,250 in incentives from utility companies. Once funding is approved, homeowners can hire the contractor of their choice and complete their renovations.

The value of the loan, which will include the funding amount, interest, and an administrative charge, cannot exceed 10 per cent of the current value assessment (CVA) for your property, or $75,000, whichever is less. The administrative charge of two per cent (2 per cent) reflects the City’s cost of administering the program.

Homeowners will repay the loan via their property tax bill, and can pay off the loan at any time without penalty.

More info go to city of Toronto or call 311

Home Energy Loan Program
Environment & Energy Division
City of Toronto
55 John Street, 2nd Floor
Toronto, ON M5V 3C6

Nicola Lashley
Program Coordinator
Telephone: 416-392-1826
Email: homeenergyloan@toronto.ca

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