Power Smart Residential Loan

Make your home more comfortable and energy efficient.

• The loan covers the following measures:
  • adding insulation;
  • installing ventilation;
  • sealing air leaks;
  • replacing windows and doors;
  • lighting;
  • electrical service and wiring;
  • replacing your toilet;
  • upgrading the efficiency of your existing furnace or water heater;
  • solar water heating systems
    (see program-specific terms).
• Ineligible measure: central air conditioning (see The Energy Finance Plan (EFP)).
• Borrow up to $7,500 per residence. The minimum loan is $500 (see full Terms of the Loan).
• No down payment is required. The maximum term is 60 months, and the minimum monthly payment is $15. Annual interest rate is fixed at 4.9 per cent (O.A.C.).
• Monthly installments will be included on your energy bill.
• Hire a contractor or, to do the renovations work yourself, contact your participating retailer.
• Applicant must be a Manitoba Hydro customer, and the owner of the home in which energy improvements are to take place. Upgrades must be made to levels recommended by Manitoba Hydro.

For more information about how to apply for the Power Smart Residential Loan contact your contractor or retailer. Your contractor or retailer will work with you to determine if your project is eligible for financing and will assist you with completing the loan application. If your contractor or retailer is not participating in Manitoba Hydro's Power Smart Residential Loan, have them call Manitoba Hydro at 1-888-MBHYDRO (1-888-624-9376) or email the Power Smart Energy Expert for information on how to participate.