Understanding Toronto’s Home Energy Loan Program (HELP)

Upgrading your residential home to be more energy-efficient is a smart investment. It can lower utility bills, increase home comfort, improve your family’s security and even increase your property’s value. But for many Toronto homeowners, the upfront costs of major home improvements, like replacing windows or upgrading doors, can be a hurdle. That’s where the City of Toronto’s Home Energy Loan Program (HELP) comes in.

HELP is city-run financing program designed to make home energy improvements affordable and accessible for Toronto residents. Homeowners can borrow up to $125,000 to cover the cost of home energy improvements over up to a 20-year term. Whether you’re interested in energy-efficient windows, patio or entry doors, HELP can provide the financial support you need to get started with a window and door replacement project from EcoTech Windows & Doors.

What is the Toronto Home Energy Loan Program (HELP)?

Since 2013, Toronto’s Home Energy Loan Program (HELP) has helped Toronto homeowners finance energy-efficient upgrades. It’s part of the city’s broader climate action strategy, aimed at reducing greenhouse gas emissions and improving Toronto’s environmental sustainability. HELP allows homeowners to borrow money at a low interest rate and pay it back over time through their property tax bill.

The loan amount can be used for various energy upgrades, including high-efficiency windows and doors, which are essential for reducing heat loss and improving insulation. The goal of HELP is to remove financial barriers for homeowners and encourage sustainable home improvements.

How does HELP work?

HELP provides low-interest loans that homeowners repay over a period of up to 20 years. The financing model is unique because the loan payments are attached to the property, not the individual homeowner. If you decide to sell your home before the loan is fully repaid, the new homeowner can assume the loan. The HELP program can also be combined with energy efficiency rebates and incentives that are offered by the City of Toronto, the Province of Ontario, the Government of Canada, and companies like EcoTech Windows & Doors.

Here’s how the process typically works:

1. Apply: First, homeowners need to apply through the City of Toronto’s website. The application process involves providing information about your property and the energy-efficient upgrades you want to complete.
2. Eligibility Check: Not every homeowner will qualify for HELP, so the city will review your application to make sure you meet the requirements. You may qualify if:
   1. You own a detached, semi-detached, or row house in the City of Toronto,
   2. All property owners on the title consent to participate in the program,
   3. You do not have more than three instances of a property tax, or utility account, being 60 days past due in the last 3 years, and
   4. You obtain written consent from your mortgage lender (if applicable)
3. Energy Assessment: Once approved, you will need to undergo an energy assessment to identify the most effective upgrades for your home. This assessment will show you how much energy you can save by installing new windows, doors or other energy-efficient improvements.
4. Loan Disbursement: After your project is approved, the City of Toronto will disburse the funds directly to you or your contractor. You can receive up to 30% of the funds to help pay for deposits or down payments.
5. Choose EcoTech: With your assessment and funding agreement in hand, contact your EcoTech Windows & Doors product specialist who will help you finalize the goals of your home improvement.
6. Repayment: Repayments are added to your property tax bill, so you can pay off the loan gradually with your regular property taxes. This way, you get the energy savings upfront while paying off the loan over time.

Why Choose HELP for Window and Door Upgrades?

If your home’s windows or doors are outdated, they could be leaking air, causing drafts, and significantly affecting your energy bills. HELP financing offers a way to address these issues without paying the entire cost upfront. Here are some of the key benefits of using HELP for energy efficient window and door upgrades from EcoTech Windows & Doors:

• Energy Savings: Modern windows and doors can prevent energy transfer, reducing the amount of energy needed to heat or cool your home. This leads to lower monthly utility bills.
• Enhanced Comfort: In addition to reduce energy transfer, a modern window installation eliminates drafts or air leaks leading to improved control over your indoor temperature year-round.
• Improved Home Security: Modern windows are built with enhanced security features, such as reinforced frames and multi-point locking systems. These can deter burglars and protect your family. With EcoTech’s patented locking system, you will see the difference right away.
• Environmental Impact: By using less energy, you reduce your home’s carbon footprint and support Toronto’s goal of reducing greenhouse gas emissions.
• Increased Property Value: Energy-efficient home improvements often boost property values.

Types of Eligible Window and Door Upgrades

When considering upgrades for your home, it’s essential to know what kinds of windows and doors qualify for HELP financing. Here’s what to look for:

• Energy Efficient Windows: Windows with double or triple glazing, low-E coatings, and argon gas fills are eligible under HELP. These features help reduce heat transfer, block UV rays and improve insulation.
• High-Performance Doors: Upgrading to insulated doors, or doors with high R-values (resistance to heat transfer) can make a huge difference. Look for steel or fiberglass doors with insulation cores, which are known for their durability and efficiency.
• Weather-stripping and Insulation: In addition to full replacements, smaller upgrades like weather-stripping or door sweeps can further reduce drafts and heat loss. These options are often more affordable and can be combined.

How EcoTech Supports HELP-Eligible Upgrades

At EcoTech Windows & Doors, we’re committed to helping homeowners improve their homes with high-quality, energy-efficient products. Our team is well-versed in the requirements of the HELP program and can assist you in selecting products that meet the City of Toronto’s energy standards.

EcoTech offers a range of windows and doors designed to minimize energy loss and maximize comfort. Our knowledgeable staff can guide you through the entire process, from choosing the right products to ensuring the installation is done correctly and efficiently.

FAQs About HELP

1. Who Qualifies for HELP?

To qualify, you must own residential property in Toronto and be in good standing on your property taxes. Specific eligibility criteria may vary, so it’s best to check with the City of Toronto for the latest details. You may qualify if:

1. • You own a detached, semi-detached, or row house in the City of Toronto,
   • All property owners on the title consent to participate in the program,
   • You do not have more than three instances of a property tax, or utility account, being 60 days past due in the last 3 years, and
   • You obtain written consent from your mortgage lender (if applicable)

2. Can I combine HELP with other incentives?

Yes, HELP can be combined with other rebates, financing, incentives or promotions, such as the Canada Greener Homes Grant. These additional programs can further reduce the cost of your home energy improvements.

3. What are the interest rates for HELP?

HELP offers competitive, fixed interest rates, typically lower than standard home renovation loans. Rates vary depending on the length of the loan, so check the City of Toronto’s website for current rates.

4. Can I pay of my HELP loan early?

Yes, homeowners can make additional payments, or pay off the loan entirely, early without penalty, which can save on interest costs.

5. What happens if I sell my house?

If you sell your home, the HELP loan can be transferred to the new owner. This feature makes it easier to sell your home without worrying about paying off the loan before closing.

How to Apply for HELP

Applying for the HELP program is straightforward. Start by visiting the City of Toronto’s website, where you’ll find detailed application instructions. It’s also a great idea to reach out to a product specialist from EcoTech Windows & Doors who can help you with determining what kind of window and door upgrades will benefit your home the most. Your energy assessment will specify the improvements that will make the biggest difference, and from there you can continue with your cost estimate, finalizing your loan, and starting your project – knowing you have the financial support to make your home more energy efficient.

Conclusion

The Toronto Home Energy Loan Program (HELP) is a valuable resource for homeowners who want to upgrade their homes to be more energy efficient. By taking advantage of HELP, you can install high-performance windows and doors that save energy, reduce costs, improve security and make your home a more comfortable place to live.

At EcoTech Windows & Doors, we’re here to guide you every step of the way, from choosing the right products to completing the installation. Reach out to us today to learn more about how we can help you make the most of Toronto’s Home Energy Loan Program and our promotions.

Call us today at (888) 880–6827 or fill out our contact form and we will call you to schedule a visit.

Quality & Comfort You Can Trust & Afford! You will see the difference right away – find more information at ecotechwindows.ca.