Toronto’s Home Energy Loan Program (HELP)
July 30, 2015
If you live in one of Toronto’s older homes, especially in one that hasn’t been renovated with new windows, roofing or insulation, you know how high your heating and cooling bills can be.
Maybe you’ve opened your bill and cried for help? Then you’ll want to know about Toronto’s new Home Energy Loan Program (HELP). It’s a new financing tool offered by the City of Toronto to help you improve your home’s energy efficiency and save money.
According to the city’s website, “Low interest loans are available to qualifying homeowners who are interested in improving the energy and water efficiency of their home. Through HELP, the City will provide the funding required to complete the improvements and the homeowner will repay the City over time through installments on their property tax bill.”
Ideally, the savings you’ll get over the next few years should more than compensate for the cost of the upgrads.
This program is in addition to the $650 rebate you can receive from Toronto Hydro from installing a qualifying Energy Star heating and cooling system.
Not surprisingly, there are a number of forms to fill out, all of which can be accessed on the city’s website.
The first step is to find out if you’re eligible.
Click here for more information