The Canada Greener Homes Loan has been a game-changer for homeowners looking to upgrade their homes with energy-efficient improvementsโincluding solar. But if you’re thinking about applying, nowโs the time to act.
Hereโs what you need to know.
What Is the Canada Greener Homes Loan?
The Canada Greener Homes Loan offers up to $40,000 in interest-free financing to help homeowners pay for upgrades like:
- Solar panels
- Battery storage
- Heat pumps
- Windows and insulation
The loan is repaid over 10 years with 0% interest, making it one of the most accessible options for Canadians looking to go green. Since launching in late 2022, itโs helped more than 115,000 households across the country.
But Hereโs the CatchโFunding Is Running Out
Based on recent data, the programโs remaining budget sits at $444 million, which is only about 26% of the latest funding top-up. At the current rate, that funding could be gone by November 2025โunless the federal government adds more (which isnโt guaranteed).
Quick Stats (as of June 2025):
- Total committed loans: $2.78 billion
- Remaining funds: $444.47 million
- Current loan pace: 3,500 loans per month
Once the funding is gone, thatโs itโapplications will close without warning.
Why This Matters
Unlike rebate programs, this loan is first-come, first-served. If you’re planning a solar install for this fall or winter, the clock is ticking. Solar projects can take weeks or months to move from quote to install, so waiting too long could mean missing out entirely.
What You Should Do Now
- Apply for the loan ASAPโdonโt wait until your install is booked.
- Schedule your pre-retrofit audit earlyโdelays here can stall everything.
- Be aware: This loan isnโt guaranteed. Make sure your contract doesnโt assume itโs approved until you have confirmation.
Bottom Line
If solar is on your to-do list this year, the Greener Homes Loan is still one of the best ways to make it happen. But time is limited. Weโre here to help you navigate your options and get your application in while funding is still available.
