In short
The Canada Greener Homes Loan is closed: funding is fully committed and new applications cannot be approved. Homeowners approved before it closed continue under the agreement they already hold. If you are planning a heat pump now, the Home Renovation Savings Program is the money still on the table, and the balance is financed through a lender rather than through Ottawa.
How much you can get
- New loan applications Closed — funding fully committed
- Homeowners approved before the close Existing agreements continue unchanged
- Loan range while it was open $5,000 to $40,000
- Terms while it was open Interest-free over a 10-year repayment period
- Canada Greener Homes Grant Closed to new applicants since 2024
Who qualifies
- New applicants: nobody qualifies, because the program cannot approve applications it has no funding for.
- Already approved: your agreement stands on its original terms, including the draw process and the repayment schedule.
- Part-way through without an approval in hand: there is no queue that converts into one later, so plan the project without federal borrowing.
- Still open to you: Ontario's per-ton heat pump rebate, which pays on the installed system instead of lending against it.
- Oil-heated households: the federal Oil to Heat Pump Affordability Program is a separate grant and is unaffected by this closure.
- Verify status on the Natural Resources Canada page before accepting anything a quote claims about federal funding.
Two federal programs carried the Greener Homes name, and both are now shut to newcomers. The grant stopped in 2024. The loan outlasted it by a couple of years and has now committed the last of its funding. This page says what that leaves you, because a closed program is still the first thing homeowners ask us about.
What Natural Resources Canada now says
The department's wording leaves no room for interpretation: funding is now fully committed, and new loan applications cannot be approved. There is no waiting list that turns into an approval later, no reopening date, and no announced successor program. If a proposal in front of you still shows interest-free federal money on the financing line, it was written from an old script.
If you were already approved, nothing changes
An approval issued while the program was open stays valid on the terms you signed. The draw process, the completion deadlines and the ten-year repayment schedule in your agreement all continue. Keep your evaluation reports, invoices and equipment documentation filed together, and take any question about your file straight to the administrator rather than through a contractor.
What the loan offered while it ran
- It lent between $5,000 and $40,000 against eligible retrofit measures, with heat pumps the main HVAC use.
- It charged no interest and was repaid across a 10-year term.
- It was tied to an EnerGuide home evaluation carried out before the work began.
- It never funded a like-for-like gas furnace swap, and never covered repairs or maintenance.
- It lowered the cost of spreading a project over time; it never lowered the price of the equipment itself.
What is still open: the provincial rebate
Ontario's Home Renovation Savings Program pays on the installed system rather than lending against it — $500 per ton to a ceiling of $2,000 where natural gas heats the house, and $1,250 per ton to a ceiling of $7,500 where something else does. Its approvals must be granted before installation day, so that deadline is now the one worth planning your calendar around.
Financing the balance now that Ottawa will not
With the federal option gone, lender financing arranged through the contractor is the practical route. It clears in days rather than weeks, it is credit-assessed like any consumer loan, and it carries interest — that is the honest trade for the speed. Published payments for a furnace or air conditioner commonly land in the $60–$150 a month range. Our financing options and the HVAC financing answer set out the terms; ZK's lending partners charge no prepayment penalty, so a rebate landing months later can go straight against the principal.
Sequencing a project without federal money
The order is simpler than it used to be. Get the provincial approval confirmed, arrange financing for the part you are not paying from savings, then install — and treat the rebate as a reimbursement arriving afterwards rather than a discount at signing. If your house burns oil, read the Oil to Heat Pump Affordability Program page first, because that grant is untouched by this closure and is worth several times what the loan ever saved anyone in interest.
For a heat pump project in Burlington, Oakville, Hamilton or the wider GTA, ask us for a written quote with the rebate and the financed amount on separate lines, so you can see at a glance what is a reimbursement and what is a debt.
How ZK Mechanical helps
- Tell you the federal loan is closed instead of leaving a stale interest-free line sitting in a proposal.
- Get the provincial approval filed and confirmed in writing before any equipment is ordered.
- Arrange lender financing through partners with no prepayment penalty, so a later rebate can pay down the principal.
- Show rebate dollars and financed dollars as separate lines on the proposal, never blended into one monthly payment.
- Point oil-heated households at the federal grant that is still running before anything else gets discussed.
Frequently asked questions
Can I still apply for the Canada Greener Homes Loan?
No. Natural Resources Canada states that funding is now fully committed and that new loan applications cannot be approved. There is no queue to join and no announced replacement, so build the budget around the provincial rebate and ordinary financing.
I was approved last year — am I affected?
No. Approvals granted while the program was open continue on their original terms, draw process and repayment schedule included. Deal with the loan administrator directly on anything to do with your file.
Is the Greener Homes Grant coming back?
The grant stopped taking new applicants in 2024 and nothing has been announced to replace it. Treat any future federal program as an unexpected bonus rather than a reason to postpone work on a failing system.
What federal money is left for a heat pump?
Only the Oil to Heat Pump Affordability Program, and only if heating oil is your primary fuel. Everything else is provincial, and beyond that you are into ordinary financing priced with interest.
Should I delay my project in case funding is renewed?
We would not. Nothing has been announced, equipment that fails mid-winter sets its own timetable, and the provincial rebate is available right now regardless of what Ottawa decides next.
Official sources
- Natural Resources Canada — Canada Greener Homes Loan status
- Save on Energy — the provincial rebate that is still open