The City of Torontooffers interest-free loans of up to $ 125,000 for green home refurbishment.
With a news release issued Thursday, the city will allow homeowners access to loans for up to 15 years, 20 years for rooftop solar power, remodeling including geothermal New windows and electric heat pumps, said the period will be available.
Homeowners also have access to incentives for specific measures such as electric heat pumps, rooftop solar, and major modifications.
Read more:Toronto achieved its goal to achieve reduced greenhouse gas emissions
"Currently, houses and buildings are the largest sources of emissions in Toronto, producing about 57% of the total emissions of the entire community, primarily from the burning of fossil fuels (natural gas) for heating and hot water." The statement states.
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The city has offered low interest rate loans since loans and incentives Home Energy Loan Program (HELP) 2014.
The federal government has provided funding to build the program. This includes up to $ 97.12 million in loans to fund interest-free loans and up to $ 4.856,000 in grants.
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Part of the funding is training, education, for homeowners, contractors, and industry stakeholders. Dedicated to resource development. Said.
Zero interest rate loans and incentives are available until the funds are used, at which point low interest rate loans are still available, the city said.
Includes electric heat pump, insulation (roof room, wall, basement), upgraded windows / doors, air seals, geothermal system, rooftop solar PV, tankless water heater, solar hot water system, EV charging station, battery storage and more Said.
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The city, homeowners and federal government Canadian Green Homes grants up to $ 5,000 He said it could be covered. The
HELP program puts Toronto on the road to reducing community-wide greenhouse gas emissions to net zero by 2040. Part of a broader goal is the Net Zero Existing Building Strategy, which recognizes the need to transform housing. ".
Since 2014, there are 245 home improvement projects supported by the HELP program.
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