Skip to main content

Save Money with Home Energy Rebates

What is the Canada Greener Homes Initiative?

The federal government’s Canada Greener Homes Initiative(opens to external site) aims to help homeowners save money and address climate change by reducing their home’s greenhouse gas emissions.

What does the Canada Greener Homes Initiative cover?

The Canada Greener Homes Loan is available for eligible energy-efficient home upgrades and retrofits, including: insulation, air-sealing, new windows and doors, smart thermostats, space and water heating, renewable energy installation, and climate resiliency measures.

For homeowners looking to switch from oil to electric heating, the Oil to Heat Pump Affordability Program provides money to help install a new, energy-efficient heat pump.

Read on to learn more about the home energy programs you could qualify for.

Canada Greener Homes Loan

Visit NRCan for more information on how to apply (opens to external site)

Interest-free financing is available for your energy-efficient home retrofit. To qualify for the Canada Greener Homes Loan, applicants must complete an EnerGuide pre-retrofit home evaluation (opens to external site) and include the assessment’s recommendations as part of their application. An application must be completed before any retrofit work begins.

  • Interest-free financing starting at $5,000 and going up to $40,000 with a repayment term of 10 years.
  • Once approved, up to 15 percent of the loan can be delivered if a deposit is required. (The initial advance increases to 25 percent for homes located in the North or off-grid.)

Oil to Heat Pump
Affordability Program

Visit NRCAN for more information on how to apply (opens to external site)

Eligible homeowners across Canada can receive payment to switch from oil heating to new, energy-efficient heat pumps (air-source, cold climate, or ground-source). The program will help households with a low-to-median income transition to electric heat and potentially save thousands of dollars in energy costs every year.

  • Payment of up to $10,000 for homeowners across Canada to switch from oil heating to a heat pump.
  • Eligible homeowners in Nova Scotia, Newfoundland and Labrador, and Prince Edward Island may qualify for up to $5,000 in additional payments, totalling $15,000.
  • A $250 one-time incentive payment is also available to eligible homeowners in Nova Scotia, Newfoundland and Labrador, and Prince Edward Island.

Canada Greener Homes Grant

Read more at Natural Resources Canada (opens to external site)

As of February 2024, the Canada Greener Homes Grant is closed to new applicants.

Applications received before the program’s closure will still be processed.

Find out which incentives are available in your province

In addition to the federal government’s Canada Greener Homes Initiative, a range of grants, rebates and loans may be available in your province. Select your province of residence to find out more.

Finance your renovation project with RBC

Use your home equity

Borrowing money against the equity of your home could help finance your home renovation project at lower rates than other types of loans.

Finance your project

The information included in this website is provided for general information purposes only. The recipient is solely liable for any use of the information contained in this website, and neither RBC nor any of its affiliates nor any of their respective directors, officers, employees or agents shall be held responsible for any direct or indirect damages arising from the use of the information included in this website. This website contains forward-looking statements within the meaning of certain securities laws. Information contained in this website is or may be based on assumptions, estimates and judgements. For cautionary statements relating to the information in this website, refer to the “Caution regarding forward-looking statements” and the “Important notice regarding this Report” appendices in RBC’s 2024 Sustainability Report, available at our Sustainability Reporting site. Except as required by law, none of RBC or any of its affiliates undertake to update any information in this website.
RBC GAM operates through indirectly wholly owned subsidiaries of the bank including, but not limited to: RBC Global Asset Management Inc. (including Phillips, Hager & North Investment Management), RBC Indigo Asset Management Inc., RBC Global Asset Management (U.S.) Inc., RBC Global Asset Management (UK) Limited and RBC Global Asset Management (Asia) Limited. RBC WM operates through indirectly wholly owned subsidiaries of the bank including, but not limited to: (a) RBC Dominion Securities Inc. (Member–Canadian Investor Protection Fund), RBC Direct Investing Inc. (Member–Canadian Investor Protection Fund), Royal Mutual Funds Inc., RBC Phillips, Hager & North Investment Counsel Inc., RBC Capital Markets, LLC, RBC Wealth Management Financial Services Inc., Royal Trust Corporation of Canada and The Royal Trust Company; (b) City National Bank and its subsidiaries; and (c) Brewin Dolphin Holdings Limited and its subsidiaries.