The following are the two program streams under the Guelph Greener Homes program:
“Loan program”
- 10 years payback term (added to the property tax bill and the Guelph Greener Homes loan repayment collected with property taxes through a twelve-month pre-authorized payment plan)
- 0% interest.
- $0 administration fee
- $50,000 maximum loan
- Deposit down payment: 20% up to $10,000
- No income threshold
- NEW! Starting April 7, loan applicants will have three months to complete and submit their Funding Request Forms once registration is approved. This includes submitting a pre-project energy audit report and contractor quotes. • If the applicant does not submit the forms by the three-month deadline, the application will be canceled. Applicants can reapply if there is still funding available.
“Grant” program (low income households)
- No payback
- For air-source heat pump only (grants up to $15,000)
- Eligible low-income household
- $0 administration fee
- Deposit down payment: 50% of project cost
- Property owners must be primary residents
Definition of eligible low-income household: Current value assessment (CVA) of the property is equal to or less than $350,000. (This value can be found on your City of Guelph property tax bill). Household income fits within levels as defined in the table below
| Number of people in the home | Before-tax household income |
|---|---|
| 1 | $47,090 |
| 2 | $66,595 |
| 3 | $81,561 |
| 4 | $94,179 |
| 5 | $105,295 |
| 6 | $115,345 |
| 7+ | $124,586 |
The Guelph Greener Homes program Low-income grants are limited and subject to availability.