Stay Warm This Winter for Less
By NextHome Staff
October 16, 2017
October 16, 2017
Tired of a cold, drafty home and high energy bills - HELP is here!
Through the City of Toronto's Home Energy Loan Program (HELP), you can get a low-interest loan to cover the cost of a new high-efficiency furnace, new windows, doors, insulation and more. And if you want to go the extra mile, the loan can also cover the cost of solar rooftop panels, solar hot water heaters, and geothermal heating and cooling!The great thing about Toronto's Home Energy Loan Program, is that at the same time that you make your home more comfortable and reduce your energy bills, you'll also be reducing the emissions that contribute to climate change.Low-interest rates and great termsIn addition to offering low-interest rates (starting at 2%), and repayment terms of up to 15 years, you can repay the loan at any time without penalty. And if you sell your home and don't want to pay off the loan, the new homeowner can assume the payments. Sound too good to be true? It's not!Save energy, money and more!The results are impressive. On average, HELP participants::- reduce their home energy use by 30%;
- save over $560 per year on their energy bills; and
- receive additional incentives of up to $2,250 from utility companies such as Enbridge Gas and IESO.