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CMHC Green Home Program
Energy-efficient homes boast the utmost in comfort, provide healthier living for you and your loved ones, and of course off lower electricity bills. These homes also reduce greenhouse gas emissions and your carbon footprint. And while the Union Gas Home Reno Rebate is the most often discussed opportunity for increasing energy efficiency in your home as of late, there’s another great opportunity available – enter the CMHC Green Home program. This program offers borrowers a refund of close to 25%!
How to Qualify for the CMHC Green Home Program
To enjoy the premium refund an individual must borrow money for the purpose of purchasing, building, or renovating their home for energy efficiency using financing from CMHC.
Building or Buying a Home
Homes constructed under the following construction standards become automatically eligible for the program with a 15% Premium Refund:
- © Built Green Canada (National)
- GreenHouse™ (ON)
- ENERGY STAR®(National)
- LEED Canada for Homes (National)
Homes constructed under the R-2000 construction standards become automatically eligible for the program and a 25% Premium Refund.
Buying a Condo
Condo units in high-rise buildings that meet the LEED Canada New Construction standard automatically qualify for a 15% Premium Refund. If your building adheres to the following criteria, you might also qualify:
- If the building is customized to be 20% more energy-efficient compared to conformity with applicable building code you’re eligible for a 15% Premium Refund
- If the building is tailored to be 40% more energy-efficient compared to conformity with applicable building code you’re eligible for a 25% Premium Refund
Renovating Your Home
By purchasing a home and making energy-efficient improvements, you might qualify for the program’s refund. A qualified home energy auditor must review your home before and after energy efficiency upgrades in order for you to qualify.
Learn more with BuyWise! Our qualified advisors offer more than just home energy ratings — we support our clients with guidance, recommendations and referrals to put their Home Energy Assessment plans into action.