Home Energy Loan Program (HELP) Expansion (Toronto)

Overview:

• HELP offers Toronto homeowners competitive interest rates on loans of up to $75,000 to cover the cost of home energy improvements and retrofits
• Eligible home improvements include energy efficient furnaces and air conditioners, windows, doors, insulation, renewable energy technology and more

Outcomes:

• Since 2017, HELP has seen more than a 100 percent increase in applications with over 347 applications in 2017 and 2018
• On average, HELP participants are seeing energy savings of $560 per year. In 2018, homes that used HELP reduced their total average annual GHG emissions from 9.7 tonnes to 6.8 tonnes
• Since 2014, 172 projects have been completed
• Staff have secured $328,000 in funding from Natural Resources Canada to support residential energy-efficiency initiatives and an additional $10 million in loans and grants from the Federation of Canadian Municipalities' Community Efficiency Financing program
  

Equity Implications: