Geothermal Heat Pumps
Borrow up to $20,000 with a maximum term of 15 years. Interest rate of 4.9 per cent (initial 5-year fixed term). Available for new installations and retrofits.
Solar Water Heaters
Borrow up to $7,500 per residence; minimum loan is $500 and no down payment is required. Maximum term is 15 years. Interest rate is 4.9 per cent (for the initial 5-year fixed term).
Energy Finance Plan Loan
Borrow up to $5,000. Interest rate of 8.5 per cent, with a maximum term of 5 years; minimum loan is $500 and no down payment is required.
First Nations Program
Designed for First Nations communities to improve the energy efficiency and comfort of their homes.
Extended term financing for energy efficiency upgrades.
Power Smart Residential Loan
Annual interest rate of 4.8 per cent (O.A.C.) and requires no down payment. The maximum term is 60 months (180 months for natural gas furnaces), and the minimum monthly payment is $15.