Residential Earth Power Loan

Our Residential Earth Power Loan is an option if you would like to make energy efficiency upgrades to your home.

The loan covers qualifying upgrades for:

Calculate your payments


  • Your monthly payment will be added to your energy bill.
  • Your home will be more energy efficient and comfortable.
  • No down payment is required.

Financing information

  • The minimum allowable loan amount is $500.
  • The maximum allowable loan is:
    • Up to $20,000 for geothermal ground source heat pumps;
    • Up to $10,000 for air source heat pumps;
    • Up to $7,500 for solar thermal water heaters;
    • Up to $30,000 for solar photovoltaic panels.
  • Solar PV financing is calculated based on $3,000 per kW installed;
  • The maximum term is 15 years.
  • No down payment is required.
  • The loan becomes due and payable when the house is sold. The loan is not transferrable.
  • Annual interest rate is fixed at 4.9% (O.A.C.) for the first 5 years.
  • Monthly installments will be included on your energy bill. Loan billing and the responsibility for loan payment will be up to the owner and not to a tenant.
  • You must be the owner of the home in which energy improvements are made and have an active Manitoba Hydro account in good standing.
  • Additional payments may be made at any time with no penalty.
  • A $20 administration fee will apply for complete payments prior to 6 months.
  • You cannot combine Residential Earth Power Loan financing with any other financing option for the same upgrade.

Financing is not available for:

  • unoccupied homes, seasonal homes (cottages), apartment buildings, garages, commercial properties, and homes under construction;
  • projects that have been started prior to or during the application process;
  • used equipment or materials;
  • natural gas and electrical materials that are not installed by an allied gas fitter/electrician, licensed by the province of Manitoba.

How to apply

Your contractor or retailer will work with you to determine if your project is eligible for financing and will help you complete the loan application.

Contractors and retailers can find more information on the Residential Earth Power Loan by contacting us.