from Manitoba Hydro Energy Efficiency Loan

WHAT IS HOME ENERGY EFFICIENCY LOAN ABOUT?

Home Energy Efficiency Loan (HEEL) is a convenient and affordable financing option of Manitoba Hydro if you want to make energy efficiency upgrades to your home. The monthly payment is added to your hydro bill and no down payment is required.

We partnered with Efficiency Manitoba to set the energy efficiency requirements for many of the qualifying upgrades.

FINANCING INFORMATION

ANNUAL INTEREST RATE – 6.2% (O.A.C) for the first 5 YEARS

MAXIMUM FINANCING TERM – Up to maximum 5 YEARS

MANAGEABLE PAYMENT – Monthly Payments made conveniently through your energy bill.

• Minimum monthly payment is $15.
• Minimum amount that can be financed is $500.
• Monthly installments will be applied to your energy bill. Repayment of the loan is the responsibility of the homeowner and not the tenant.
• Additional payments may be made at any time with no penalty.
• A $20 administration fee will apply if the loan is paid off in full during the first 6 months.
• The loan becomes due and payable when the house is sold or transfers ownership. The loan is not transferable.
• The cost of one upgrade cannot be split between multiple HEEL Agreements or between financing programs.

HOW TO QUALIFY FOR THIS LOAN?

Eligibility

• Manitoba Hydro must approve your application before any work is started or any materials are purchased.
• You must have an active Manitoba Hydro account and be approved for credit from Manitoba Hydro.
• Mobile homes on permanent foundations with a permanent water supply are eligible. For geothermal and solar photovoltaic systems, you must own the land where the mobile home is located.
• The home must be detached or semi-detached.
• You must be the owner of the home in which energy improvements are made.
• The building must be your primary residence or the primary residence of your tenant.
• Indigenous customers living in Band-owned homes are eligible for financing with a Band Council Resolution.
• Upgrades must be made to Manitoba Hydr recommended levels.

Ineligible homes or materials

• Unoccupied homes, seasonal dwellings (summer homes and cottages), apartment buildings, garages, commercial properties, and homes under construction.
• Projects in progress or already completed.
• Wiring and related equipment for new and old buildings not previously supplied with electrical service.
• Labour only (labour can only be financed with a qualifying upgrade).
• Natural gas and electrical materials that are not installed by an allied gas fitter or electrician licensed by the province of Manitoba.
• Used equipment or materials.
• Your labour (only materials and equipment are eligible for do-it-yourself projects).