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Calculate Your Payments

Power Smart Residential Loan Calculator

Step 1:
Enter in the total amount of the loan; enter the amount of your furnace loan separately, as indicated.
Step 2:
Select the term (amortization period) of the loan(s).
Step 3:
Click "Calculate" to estimate your monthly loan payment for the initial 5-year term. (Interest rates and monthly payments after the initial 5-year term will be based on available market rates.)

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause an error.

Loan Term Interest Rate* Approximate Monthly Payment
For all eligible measures, excluding high efficiency natural gas furnace.
Maximum $, including furnace loan.
$ $
 
Financing Agreement:
  1. Manitoba Hydro will advance the Primary Contractor or Retailer named above the Total Cost to be Financed, in the amount of $ , upon receipt of the Completion Certificate signed by the Owner.
  2. The Owner will repay said amount to Manitoba Hydro plus financing charges of $ by equal consecutive payments of $ , calculated at the true annual interest rate of % per annum on the declining monthly balance.

Total amount to be repaid by Owner, including financing charges: $ .

Loan Term Interest Rate* Approximate Monthly Payment
For high efficiency natural gas furnaces.
Maximum $.
$ $
 
Financing Agreement:
  1. Manitoba Hydro will advance the Primary Contractor named above the Total Cost to be Financed, in the amount of $ , upon receipt of the Completion Certificate signed by the Owner.
  2. The Owner will amortize said amount over a term of months. For the initial months of this Agreement, maximum financing charges of $ will be repaid by equal consecutive payments of $ , calculated at the true annual interest rate of % per annum on the declining monthly balance. The maximum principal amount remaining at the end of the initial month term will be . At the end of the month term, the Owner will be required to pay the principal amount remaining or refinance that principal over the remaining amortization period at available market interest rates. Manitoba Hydro will communicate available options to the Owner through written correspondence 6 months prior to the completion of the initial month term of this Agreement.

Maximum total amount to be repaid by Owner, including financing charges during the initial month term of the agreement: $ .

*Loan interest rate is set at % and locked in for 5 years (subject to change).

The loan is added to your Manitoba Hydro energy bill for payment.

Eligibility requirement:

  • The homeowner must be a Manitoba Hydro customer who is approved for credit from Manitoba Hydro.

Apply through your contractor.