Energy Finance Plan

The Energy Finance Plan is convenient, on-bill financing for upgrades to gas and electrical systems and is available to Manitoba Hydro residential, commercial, farm, and seasonal properties.

If you are on seasonal billing you must be changed to monthly billing to be eligible for the Energy Finance Plan.

The Energy Finance Plan is now available to homeowners for radon abatement projects.

Financing information

  • Borrow up to $ per residence.
  • The minimum allowable loan amount is $500.
  • The maximum financing term is 5 years.
  • The minimum monthly payment is $15.
  • Current interest rate is %.
  • No down payment required.
  • All work must be performed by a qualified electrician or a licensed contractor who is a participant in the Energy Finance Plan.
  • Credit approval must be pre-arranged.
  • Repayment of the loan is the responsibility of the homeowner and not the tenant.
  • The loan becomes due and payable when the house is sold; the loan is not transferable.
  • Financing is not eligible for homes under construction, unoccupied homes, or projects in progress or already completed.

Qualifying upgrades

Financing through the Energy Finance Plan is available for:

  • upgrades to electrical service entrance and panel board equipment;
  • wiring circuits and associated equipment;
  • natural gas piping, venting, delivery, permit cost, and taxes;
  • central air conditioning systems (must have a minimum seasonal energy efficient ratio [SEER] of 13.0);
  • electric/conventional natural gas water heaters (electric must meet CSA C-191 standard);
  • electric and natural gas furnaces/boilers for seasonal, farm, and commercial customers;
  • combination heating systems;
  • unit heaters (natural convection, forced air, or forced air infrared);
  • direct vent natural gas fireplaces (built-in and free-standing);
  • security lighting and fixtures (wiring changes must be made as part of other electrical and energy improvement work);
  • gas pool heaters;
  • permanently installed electronic air cleaners (the use of any plug-in type of power adapter is not allowed);
  • permanently installed humidifiers (hard-wired);
  • permanently installed dehumidifiers (hard-wired);
  • permanently installed air purifiers (hard-wired);
  • air source heat pumps;
  • radon mitigation measures (through a C-NRPP certified contractor).

Financing is not available for:

  • wiring and related equipment for buildings not previously supplied with electrical service;
  • purchase of these free-standing or built-in-appliances including (but not limited to):
    • countertop ranges;
    • wall ovens;
    • range hoods;
    • dishwashers;
    • water pressure systems;
    • garbage disposal units;
    • natural gas BBQs;
    • vacuum systems.
  • any natural gas product not installed by a licensed gas fitter;
  • used equipment;
  • masonry or carpentry for mantels, hearths, etc. (unless part of a larger project);
  • companion appliances purchased independently;
  • ductwork;
  • labour in the absence of a qualified technology;
  • toilets;
  • windows;
  • insulation;
  • sump pumps;
  • any replacement parts.

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 Energy Finance Plan by contacting us.

Calculate your payment

Loan interest rate is set at % and locked in for 5 years (subject to change). The maximum loan cannot exceed $. Do not enter any other non-numeric characters (commas, dollar signs, etc.) other than decimal points, in the entry boxes.


Process example:
  1. Manitoba Hydro will advance your contractor the Total Cost to be Financed, in the amount of $, upon receipt of the Completion Certificate signed by you.
  2. You will repay said amount to Manitoba Hydro plus financing charges of $ by equal consecutive monthly payments of $, calculated at the true annual interest rate of % per annum on the declining monthly balance.

Total amount to be paid by you, including financing charges: $.