On May 27, 2021, the Government of Canada announced the launch of the Canada Greener Homes Grant, a $2.6 billion initiative that aims to help hundreds of thousands of Canadian homeowners pay for energy-saving upgrades. Through the program, homeowners can apply for rebates of up to $5,000 for energy-efficient upgrades in their home, plus an additional $600 to cover the cost of pre- and post-retrofit evaluations.
Keep reading for more information on the Canada Greener Homes Grant and how it can help take your business to new heights.
Although the government grant can offer homeowners up to $5,600 for the evaluations and work, most projects will still involve out-of-pocket costs. You can help by offering customers unique financing options, such as the 240-month amortization or 3-month deferral options.
With more affordable monthly payments, your customers won’t have to sacrifice their budget or compromise on the quality or scope of work. This allows them to take on dream projects that maximize the value of their home and help minimize its environmental impact.
Customers must provide proof of ownership using a property tax bill number. They must also be able to demonstrate that the building is their primary residence. Additionally, the home in question must be one of the approved eligible property types.
Talk to your Dealer Relationship Manager today to learn more about the Canada Greener Homes Grant and the best financing products to pair with it.
Join our mailing list to receive a download link to our information kit.