To help homeowners and build on these measures, the 2021 Federal Budget proposed $4.4 billion over 5 years, starting in 2021-2022 to help up to 200,000 homeowners complete deep home retrofits through interest-free loans of up to $40,000. These interest-free loans cover the costs of many different types of home-energy retrofits. This includes replacing oil or low-efficiency furnaces with more modern and environmentally friendly systems, adding on-site solar panel systems, and more.
- Replacing oil furnaces or low-efficiency systems with a high efficiency furnace, air source heat pump, or geothermal heat pump
- Better wall or basement insulation and/or wall or roof panels
- Installing a high-efficiency water heater or on-site renewable energy like solar panels
- Replacing drafty windows and doors
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