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
These measures are expected to be in place by mid-year 2021. If you want to secure your loan this year, make sure to book an energy assessment with Homesol Building Solutions below!