Rebates and Financing
HER+ Rebate Program Update
Updated on February 5, 2024
Applications for the federal Greener Homes program (now called HER+) are now closed. Audits completed by February 5th, 2024 are eligible for this rebate program. We are anticipating the start of a new program in early spring but details are yet to be released. We will update this page when more information is available.
Rebate money for the HER+ program has been earmarked for homeowners who have completed a pre-retrofit audit by February 5th. However, rebates are being given out on a first-come, first-served basis so we still recommend that you get the work done in a timely manner and book the post-retrofit audit to claim your rebates.
If you had your pre-retrofit audit completed in 2021 or 2022 you likely received an e-mail from the Greener Homes rebate program on January 11th saying your application will soon be closed due to inactivity. If you plan to do some work that qualifies for rebates please contact NRCan to let them know that you'd like to remain in the program.
Canadagreenerhomesgrant-subventionmaisonsvertes@nrcan-rncan.gc.ca or by phone at 1 833-674-8282/TTY 1 800-465-7735.
Home Efficiency Rebates Plus
There are currently no rebates for hydronic heating systems. Contact us to discuss options to replace your aging boiler.
Note that in order to qualify for a heat pump rebate, there must be a vent or ductless head on each level of the house including the basement.
Launched Jan 1st 2023, homeowners can receive up to $10,600 through an enhanced partnership between Greener Homes and Enbridge. The HER+ program follows the same rebate rules as the previous Greener Homes program but the rebate maximum is now higher because the previous Greener Homes and Enbridge programs have merged.
Your home must meet the Natural Resources Canada requirements for an energy audit (i.e. no more than three above-grade stories, less than 600 squared metres).
You may qualify for up to $10,000 worth of rebates depending on the ownership structure of your home and how it is currently heated.
The program also provides $600 towards the cost of your energy audit which can only be claimed if you make at least one improvement to your home that also qualifies for a rebate. Find out which rebates you are eligible for here.
Our clients love this new program as it means up to $6,500 worth of rebates for heat pumps, up to $5,000 of rebates for solar PV and up to $1,300 of rebates for heat pump hot water heaters.
Homeowners must have an energy audit conducted before and after renovations to qualify.
For more information please refer here
Federal HST Rebate
The Federal Government offers a rebate program that allows Homeowners to receive a rebate of up to $16,080 on HST paid on their newly built and substantially renovated homes (properties that are substantially renovated by 70% or more). More details on the HST Rebate and what qualifies as a substantial rebate can be found here.
Basement Flooding Protection
Many cities across the province offer owners of residential homes a subsidy to install flood protection devices. The City of Toronto offers up to $3,400 per property. More details here.
Financing
The Greener Homes Loan provides up to $40,000 of interest-free financing to help you with heat pumps, insulation, new windows, solar panels and any other upgrades that also qualify for rebates. If you qualify, you have 10 years to pay back the loan. More details here.
The City of Toronto’s Home Energy Loan Program (HELP) is an excellent financing option. The loan is paid down through your property tax bill. If you sell before the loan is paid off, the remainder can transfer to the new homeowner. Loans up to $125,000 are available with terms as long as 20 years. A 0% version of the loan was temporarily made available in July 2022 however it was fully subscribed. It may be worth signing up to get in line in case another 0% loan offer is made again. More details here.