Timeline: 2022 onwards
The Better Homes Ottawa Loan Program is a City of Ottawa pilot loan program for home energy efficiency retrofits. It aims to support local residents to reduce energy consumption and greenhouse gas emissions.
The program offers low-interest, 20-year loans of up to the lesser of $125,000 or 10 per cent of the current value of the home to cover the cost of home energy improvements like thermal envelope upgrades, mechanical systems, renewable energy, EV chargers, and the addition of rental suites.
2023 update:
Better Homes Ottawa Loan program supported Ottawa homeowners to complete 100 energy retrofit projects with over $3 million disbursed in low interest loans in 2023. Now in its third year, this City of Ottawa program has supported 191 home retrofit projects to-date, seeing an average per-home greenhouse gas reduction of 39%. These reductions save local residents money, reduce energy consumption, and make for a cleaner, more climate-friendly region.
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Municipality: Ottawa
Action: Retrofit of dwellings
Category: Buildings