Loans & financing

We offer a variety of loan and financing programs to help you make energy efficiency upgrades to your home. Each loan applies to different upgrades and has specific eligibility requirements. Use the assessment below to determine the best financing option(s) for your needs.

We offer savings and rebates for energy efficiency upgrades to your home.

Loans and financing plans you may be eligible for include:

  • Affordable Energy Program
    Qualifying lower income households can become more energy efficient. Financing and free upgrades available.
  • Customer Contribution Time Payment Plan
    Install permanent extensions to existing residential and farm services.
  • Residential Earth Power Loan
    Financing available for alternative energy sources including; geothermal heat pumps, air source heat pumps, solar water heating and solar photovoltaic. Annual interest rate of 4.9 per cent (O.A.C.) and requires no down payment. The maximum term is 180 months.
  • Energy Finance Plan Loan
    Borrow up to $5,000. Interest rate of 6.75 per cent, with a maximum term of 5 years; minimum loan is $500 and no down payment is required. Now available to homeowners for radon abatement projects.
  • PAYS Financing
    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.

Loans and financing assessment

This assessment doesn't evaluate your eligibility for financing through Manitoba Hydro; visit the specific program page for eligibility requirements.

Approval for financing requires that applicants have a good credit history on their Manitoba Hydro account(s) and remain in good financial standing.

Applications must be pre-approved before any work can begin. Upgrades that are already in progress are ineligible for financing.