Thinking about renovating? HELP is here!
The City’s Home Energy Loan Program (HELP) offers competitive fixed rate loans of up to $75,000 to homeowners interested in improving the energy and water efficiency of their homes. The funds can be used to upgrade your furnace and insulation, install high-efficiency water heaters, windows, doors, and even install solar panels on your roof!
On average, HELP participants are saving $560 per year and using 25-30% less energy, while at the same time significantly improving household comfort. We want to help people put away the space heaters and enjoy their home without having to worry about expensive heating bills or chilly drafts.
Homeowners can decide which energy efficient renovations to complete and choose their own contractors. When the work is complete, homeowners can repay the loan over time in instalments on their property tax bill while enjoying the benefits of a newly renovated and more comfortable home. With repayment terms of 5, 10, or 15 years and fixed interest rates as low as 3.70% the program offers flexibility as well as security.
The HELP team is also available to help homeowners in understanding the process, accessing certified energy assessments, utility rebates and incentives as well as information on related city programs.
Learn more about HELP and apply at http://www.livegreentoronto.ca/ or