Skip to main content

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.

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.)

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.

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 on this website is not required to be prepared or filed by Royal Bank of Canada (“RBC”) under Canadian or U.S. securities laws. While the information provided in this website may be relevant and of interest to our stakeholders, it should not be read as a determination of materiality for disclosure required in our securities law filings. This website may contain forward-looking statements within the meaning of certain securities laws, which are subject to RBC’s caution regarding forward-looking statements. For further details, refer to the “Caution regarding forward-looking statements” section in RBC’s most recent Annual Report, which can be found on RBC’s website:, and RBC’s most recent Climate Report, which can be found on RBC’s website: Except as required by law, none of RBC nor its affiliates undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

The information contained in this website is provided for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. A professional advisor should be consulted regarding your specific situation. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. We do not guarantee their accuracy and they should not be regarded as a complete analysis of the subjects discussed. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by RBC or any of its affiliates. Nothing in this website shall form the basis of or be relied upon in connection with any contract, commitment or investment decision whatsoever. The reader 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 this website by the reader.

Climate metrics, data and other information contained in this website are or may be based on assumptions, estimates and judgements. Many of the assumptions, estimates, standards, methodologies, scenarios, metrics and measurements used in materials available on this website continue to evolve and may differ significantly from those used by other companies and those that may be used by us in the future, including as a result of legislative and regulatory changes, market developments and/or changes in data changes and reliability. For further information, including on the assumptions, risks, uncertainties and other factors affecting climate metrics and data, refer to the “Important notice regarding this Report” section in RBC’s most recent Climate Report, which can be found on RBC’s website:

The content of any websites referred to in this website, including via website link, and any other websites they refer to are not incorporated by reference in, and do not form part of, this website.
Our low-carbon energy lending goal and exposures are measured on an authorized lending basis, to reflect our total lending commitment. Low-carbon energy activities include the construction, development, operation, acquisition, maintenance and connection of: renewable energy sources (e.g., solar, wind), other low-carbon energy sources (e.g., nuclear and hydrogen) as well as electricity transmission and distribution systems, energy storage devices (e.g. batteries) and efficiency improvements (e.g. smart grids). For details on the eligibility criteria refer to our Sustainable Finance Framework. For power generation clients in Capital Markets that have more than one energy source, authorized lending exposure is allocated on a pro-rata basis as a share of generation type based on revenue or an available proxy.
RBC procures renewable electricity through long-term power purchase agreements (PPAs) and other sources of renewable energy certificates (RECs).