The Canada Greener Homes Loan: Application Guide
Navigating the application process for the Canada Greener Homes Loan can feel overwhelming, but this instructional guide is here to help. This federal initiative offers homeowners a fantastic opportunity to improve their home’s energy efficiency while enjoying significant financial support. Whether you’re looking to upgrade your insulation, install a heat pump, or invest in renewable energy solutions, the Canada Greener Homes Loan is designed to make your home more comfortable and environmentally friendly.
Here Are Your First Steps
In this guide, we’ll walk you through each step of the application process, from understanding eligibility requirements to submitting your final paperwork. We’ll provide practical tips and detailed instructions to ensure your application is as smooth and successful as possible. By the end of this guide, you’ll be well-equipped to take full advantage of the Canada Greener Homes Loan and make impactful improvements to your home.
Early Stages: Quotes & Evaluations
Step 1: Obtain Estimates from a Reliable Contractor
You will require at least one estimate from a licensed contractor to include in the loan application.
Step 2: Schedule a Pre-Retrofit Evaluation
To qualify for the Canada Greener Homes Loan, a pre-retrofit evaluation must be conducted by a registered energy advisor. Your energy advisor will submit the pre-retrofit reports on your behalf.
You cannot complete your loan application until Greener Homes has notified you that your pre-retrofit reports have been processed.
Shoreline BP is here to help.
Documentation & Approvals for Canada Greener Homes Application
Step 3: Compile All Documents
Ensure you have the following documentation ready:
Government ID
- Must display your current address.
- If your ID does not have your current address, you’ll need a utility bill with your name and address on it.
Property Tax Bill
- Must include your name, address, and roll number.
Proof of Income
Two of the following documents are required:
- Most recent paystubs (dated within 60 days).
- Letter of employment.
- Bank statements showing direct deposit for the last two months.
- Most recent T4 or Notice of Assessment.
Step 4: Wait for Confirmation
You will receive an automated email from the Canada Greener Homes Loan team notifying you that your reports have been successfully submitted and processed.
- This process generally takes 10 business days.
- You cannot complete your loan application until you receive this confirmation.
Step 5: Include All Planned Home Upgrades in the Application
To be eligible for the Canada Greener Homes Loan:
- Do not start any of the proposed retrofits prior to loan approval.
- Ensure all upgrades are included in the Renovation Upgrade Report provided by your Registered Energy Advisor.
Getting it Done
Step 6: Complete Your Home Upgrades
Notify your contractor that your Canada Greener Homes Loan application has been approved. You are now ready to complete the planned upgrades.
Step 7: Schedule a Post-Retrofit Evaluation
Once your home upgrades are complete and you’ve received a detailed invoice from your contractor, contact your Registered Energy Advisor to book your post-retrofit evaluation.
- Your post-retrofit evaluation must be submitted and processed before proceeding to the next steps.
Final Steps: Reimbursement
Step 8: Wait for Confirmation (Again)
As in Step 4, you will receive an automated email from the Canada Greener Homes Loan team notifying you that your post-retrofit reports have been successfully submitted and processed.
- This process generally takes 10 business days.
- You cannot proceed to submit your contractor receipts until this confirmation is received.
Step 9: Submit Receipts
Once notified that your post-retrofit reports have been processed, upload:
- Your contractor invoices.
- Receipts for your pre- and post-retrofit assessments.
The Canada Greener Homes Loan team will then process the submitted documents.
Step 10: Provide Payment Information
After your invoices and receipts are processed, you’ll be notified to request payment. To request payment:
- Provide a void cheque for your preferred bank account.
Have questions about Canada Greener Homes? Get in touch!
Let us know how we can help.
