Making your home more energy efficient is one of the most substantial actions homeowners can take to reduce the emissions contributing to climate change. Through the Home Energy Loan Program (HELP), Toronto homeowners can borrow up to $125,000 to cover the cost of home energy improvements, such as:
Tankless water heaters
Drain-water heat recovery systems
Solar hot water systems
Rooftop solar PV panels
Electric vehicle charging stations (Level 2)
HELP makes it easy and affordable for homeowners to pay for home improvements over time and access rebates offered by utility companies and the Federal government. Once funding is approved, homeowners can hire the contractor of their choice and complete their renovations.
Once approved you will receive a funding offer that states the maximum amount your property is eligible to receive through the Home Energy Loan Program (HELP). Your mortgage lender’s consent is required before the City can send you a funding offer.
Schedule a pre-retrofit EnerGuide evaluation with Next Level Consulting. We evaluate your home to make it more energy-efficient & resistant to climate change. We generously provide retrofit recommendations as only those are eligible for the loan.
Once the City has approved your Funding Request, you will receive a Property Owner Agreement (POA), which is the funding agreement between the property owner(s) and the City.
You must sign the POA and return to the City. Once the POA is approved by the City, we can provide, if requested, up to 30 per cent of the funds to help you get your project underway.
Homeowners assume full responsibility for the work performed, which includes selecting, hiring and paying contractors², and obtaining all required municipal and/or provincial permits, if applicable.
Schedule a post retrofit evaluation with Next Level Consulting once the retrofits are complete. We will evaluate the impact of your improvements & provide you updated EnerGuide labels & revised reporting that determines any grant amounts.
Submit a Project Completion Report signed by your Energy Advisor, along with your contractor’s invoices and your new EnerGuide rating label. The City will then provide you with the remaining funds for your project.
The City will notify you when your loan payments will begin. You will be enrolled in the City’s Pre-Authorized Tax Payment program and repay the City via 11 monthly instalments per year over the term of your loan. Loan payments made via the property tax bill are treated in the same manner and subject to the same penalties, remedies and lien priorities.
You may pay the outstanding balance to clear the loan from your property at any time during the loan term. Early repayment will be subjected to a Revenue Services service fee.