National Residential Financial Incentives for Insulation

NATIONAL PROGRAMS

EcoLiving

Scotiabank offers homeowners access to incentives, rebates, and financing for energy efficiency upgrades to their homes, including:

Contact: 1-800-4-SCOTIA

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EcoSmart Mortgage

The Bank of Montreal offers low interest rates and pre-payment options on 5-year closed mortgages for energy efficient single-family homes and high-rise condominiums.

Single-family homes require 6 of the 7 energy efficient features, including good quality attic insulation (minimum RSI 8.6, R-49).  High-rise condominiums do not require insulation as an energy efficiency feature.

Contact: 1-877-225-5266

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Energy Efficient Housing Program

The Bank of Montreal offers low interest rates and pre-payment options on 5-year closed mortgages for energy efficient single-family homes and high-rise condominiums.

Single-family homes require 6 of the 7 energy efficient features, including good quality attic insulation (minimum RSI 8.6, R-49).  High-rise condominiums do not require insulation as an energy efficiency feature.

Contact:   1-877-225-5266

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Green Home

Canada Mortgage and Housing Corporation (CMHC) offers a 10% mortgage loan insurance premium refund when you use CMHC insured financing to purchase an energy efficient home or make energy-saving renovations.

New builds need to achieve a minimum EnerGuide (EG) rating of 82, or be 5% more efficient than Code (20% above the MNECB).  Renovations need to improve the EG rating by at least 5 points, to a minimum of EG40.

Contact:   613-748-2000

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Green Living Mortgage

Preferred mortgage rates for new homes or renovations that meet energy efficiency standards (EnerGuide rating of 83 or better).

Contact:   1-800-332-8383

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RBC Energy Saver Loan

The Royal Bank of Canada (RBC) offers a 1% interest rate discount or a $100 rebate on a home energy audit with a qualifying purchase through a fixed rate loan over $5,000.

Contact:   1-800-ROYAL-1

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RBC Energy Saver Mortgage

The Royal Bank of Canada (RBC) offers a $300 rebate for a home energy audit.

Refinance your existing mortgage, purchase a home, and/or make improvements to resale properties to qualify.

Contact:   1-800-ROYAL-1

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