Toronto Home Energy Loan Program
In 5 Easy Steps
Step 1: Pre Qualification
- Complete a Pre-Application. The City will confirm your eligibility and let you know the maximum funding (up to 5% of your home’s current value assessment) available to you.
- If your home is subject to a mortgage, the City will provide a letter and form for you to give to your mortgage lender. Your mortgage lender’s written consent is required before you proceed to Step 2.
Step 2: Home Energy Audit & Funding Request
- Contact Windfall Centre or book on-line to have a Windfall Certified Energy Advisor complete your Home Energy Audit and guide you through the process. The assessment will include a basement-to-attic assessment of your home's insulation, heating and cooling systems, and detect air leaks and drafts. Your home will also be assigned an EnerGuide score. (Audit fees are paid by homeowners.)
- Complete a Funding Request Form. Once you have identified the specific improvements you want to undertake based on the energy assessment and have selected a contractor(s), submit a Funding Request with the following details:
- list of intended improvements and contractor quotes
- incentives and rebates available to you
- your preferred repayment term (up to 15 years)
Step 3: Property Owner Agreement
Once the City has approved your funding request, you will be sent a Property Owner Agreement (POA) to sign, which is the funding agreement between the property owner(s) and the City. The City will then issue an initial disbursement of 10% of the project value, to help you get your project underway.
Step 4: Complete your home energy improvements
- After you have hired a contractor and completed the work, book your post-retrofit assessment with your Energy Advisor. The Advisor will verify the improvements and provide a new EnerGuide score for your home.
- Submit a Project Completion Report to the City that includes the final improvement cost and your new EnerGuide score. The City will then send you a cheque for the amount of the balance of your funding upon verification of your project completion.
Step 5: Repay the loan via your property tax bill
Now that you are enjoying the benefits of greater energy efficiency at home, you will begin to repay the City over time (up to 15 years) for the cost of the improvements, plus interest, and an administrative charge, via installments on your property tax bill. You will be enrolled in the City’s pre-authorized payment plan and make 11 payments per year.