Home Energy Loan Program

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Home energy upgrades made easy

The Greenest City 2020 Home Energy Loan Program offers you, the Vancouver homeowner, a solution to make select energy efficiency upgrades PDF (304 kb) to your home.

 

Save money and the planet

Created in co-operation with Vancity and with the support of FortisBC, BC Hydro and Natural Resources Canada, the pilot Home Energy Loan Program offers you access to affordable financing and end-to-end support to make select energy efficiency upgrades to your home. In return, you can expect to save money on your energy bills and enjoy improved home comfort while reducing your home's environmental footprint.

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Reduce Vancouver's greenhouse gases

Buildings in Vancouver, including homes, contribute an estimated 55 per cent of Vancouver's overall greenhouse gas (GHG) emissions (gases that trap heat in the atmosphere and contribute to climate change). The City of Vancouver has a goal of reducing citywide GHG emissions by one third by 2020. Making energy efficiency upgrades to Vancouver's single-family homes and duplexes alone could save approximately 90,000 tonnes of GHGs by 2020. That would be like permanently removing 2,000 cars from Vancouver's roads. Homeowners like you can help Vancouver reach its goal of becoming the world's greenest city by 2020 by making your home more energy efficient.

Affordable financing and peace of mind

Loans ranging from $4,000 to $16,000 are available to finance select* home energy efficiency upgrades. PDF (304 kb) During the 12-month pilot, unsecured loans, administered by Vancity Globe will be offered at a low fixed interest rate over a 10-year amortization period. This allows you to make affordable, predictable loan payments over the life of the loan.

Loans approved by April 13, 2012, qualify for a fixed interest rate of 4.5%. Loans approved thereafter may be at a different interest rate.

Learn more about Vancity's loans Globe

End-to-end support

The Home Energy Loan Program simplifies the process of making select home energy efficiency upgrades. It connects you to experts, financing and rebates to help you upgrade your home. Guidance and support is available every step of the way.

Qualified upgrades include:

  • Insulation
  • High-efficiency furnaces and hot water tanks
  • Air-to-air heat pumps
  • Weatherization (air sealing)

View the complete list of qualified upgrades PDF (304 kb)