Apply now for a loan to fund rooftop solar installations and heat pump conversions.
Would you jump at the chance to get financial help for a home reno project? Why, yes!!! you say. Where do I signup??
Incentive programs offered by The City of Toronto include two popular residential energy retrofits: air source heat pumps and rooftop solar PV. Both incentives are available through the city’s Home Energy Loan Program (HELP).
Don’t delay. Funding will be discontinued when the allocation limit has been reached. Here’s a list of financial incentives plus those unavoidable terms and conditions.
Still interested? Your next steps are to start the application process and book a home energy assessment with an Energy Advisor registered by Natural Resources Canada. A certified advisor can help you navigate the process and advise on the program. In the meantime, here’s a quick rundown of the retrofits the city is encouraging:
Air-Source Heat Pumps
A cost-saving and energy-efficient option for homeowners, heat pumps act as both heaters and air conditioners, replacing conventional heating and cooling systems. In the summer, they draw warm air from inside and expel it outside. In the winter, they bring in heat from outside (yes, there is energy even in cold air). Natural Resources Canada provides a comprehensive guide to heating and cooling with a heat pump. (Read more about heat pumps and how they work in our story Heat Pumps Demystified.)
Solar Solutions
You can see the benefit of adding solar power to your property by inputting your address to the City’s very fun interactive SolarTO Map. Watch the map zero in on your rooftop and calculate an estimate of your system installation cost, first year bill savings, 25-year bill savings, and the period after which you start seeing payback.
Want more information? The City of Toronto offers a series of helpful webinars. The next one that covers the Home Energy Loan Program is April 17 from 12 to 12:45 pm. To register, go to the HELP page and scroll down to Webinars & Events. Have questions about solar power? Read our Q&A to learn more.
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