National Residential Financial Incentives for Insulation
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.
CMHC Green Home
|Building Standard||Insurance Premium Refund|
|Built Green™ (national)||15%|
|ENERGY STAR® (national)||15%|
|LEED Canada for Homes (national)||15%|
|Manitoba Hydro’s New Homes Program (Manitoba)||15%|
|FOR HOME RENOVATIONS|
|If pre-retrofit rating is < 55||If pre-retrofit rating is ≥ 55||If pre-retrofit rating is ≥ 200||If pre-retrofit rating is < 200|
|15% Insurance Premium Refund||Minimum increase of 10 points, with resulting rating of at least 60||Minimum increase of 5 points||Minimum decrease of 45 GJ/year, with resulting GJ/year not to exceed 250||Minimum decrease of 20 GJ/year|
|25% Insurance Premium Refund||Minimum increase of 20 points, with resulting rating of at least 60||Minimum increase of 10 points||Minimum decrease of 90 GJ/year, with resulting GJ/year not to exceed 250||Minimum decrease of 45 GJ/year|
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.
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.