The Better Homes Ottawa Loan Program is a key resource for Ottawa homeowners aiming to improve energy efficiency and reduce greenhouse gas emissions. With zero-interest loans of up to $125,000 over 20 years, this program offers homeowners the means to fund essential energy-efficient upgrades while keeping upfront costs low.
Eligible Products for the Better Homes Ottawa Loan Program
The program supports a variety of energy-saving upgrades, providing Ottawa homeowners with the flexibility to address specific needs. Eligible products include:
- Heating Systems:
- Air-source heat pumps
- Ground-source (geothermal) heat pumps
- High-efficiency furnaces (only when converting from oil, propane, or wood to natural gas)
- Cooling Systems:
- ENERGY STAR® certified central air conditioners
- Ductless mini-split systems
- Insulation Upgrades:
- Attic, wall, and basement or crawl space insulation
- Windows and Doors:
- ENERGY STAR® certified windows, doors, and skylights
- Renewable Energy Systems:
- Solar photovoltaic (PV) panels
- Solar hot water systems
- Water Heating:
- Heat pump water heaters
- Electric Vehicle Chargers:
- Level 2 chargers for residential use
Maximum Loan Amount
Homeowners can access up to $125,000 as a zero-interest loan, repayable over a maximum of 20 years.
Qualification Criteria
To qualify for the Better Homes Ottawa Loan Program, applicants must meet the following requirements:
- Homeowner Status: Must own a residential property within Ottawa.
- Property Type: Eligible properties include detached, semi-detached, row houses, and multi-unit residential buildings of three stories or less.
- Good Standing: Property taxes must be up to date, with no outstanding arrears.
- Consent: All registered property owners must consent to participation.
- Energy Audit: Complete a pre-retrofit energy assessment by a qualified advisor.
- Eligible Upgrades: Implement upgrades that reduce greenhouse gas emissions and improve energy efficiency.
- Licensed Contractors: Use only licensed and qualified contractors for installations.
- Documentation: Provide all necessary receipts, contracts, and proof of completion.
- Loan Security: Agree to a local improvement charge (LIC) added to the property tax bill.
Program Duration and Timeline
The Better Homes Ottawa Loan Program is ongoing with applications accepted on a rolling basis. Due to limited funding, early application is advised to secure loan access.
Maximize Savings with Additional Rebates
Homeowners can maximize their savings by pairing the Better Homes Ottawa Loan Program with other rebates, including:
- Home Efficiency Rebate (HER) Program: Up to $5,000 for implementing multiple energy-efficient upgrades
- Home Energy Saver Program: Up to $10,000 for high-efficiency heating and cooling equipment
- Manufacturer Promotions: Additional discounts on select HVAC systems
- AirZone HVAC Services Promotions: Exclusive offers on eligible upgrades
Our AirZone HVAC Services team can assist you in navigating these programs, ensuring you access all available benefits to reduce your out-of-pocket expenses.
Get Started with a Free Rebate Consultation
The Better Homes Ottawa Loan Program offers a unique opportunity for Ottawa homeowners to achieve energy-efficient upgrades with manageable financing. Ready to improve your home’s energy performance? Get your FREErebate consultation here, and let us handle the process for you.
Disclaimer: Information in this article is accurate as of October 2024. Rebate program details may change, so please consult the official City of Ottawa website for the most current information.
