If You Own a Home and are Thinking of Renovating to Make your Home More Energy-Efficient
Step 1: Obtain an energy rating for your home
If you plan to use CMHC insured financing to make energy-saving renovations, a refund equivalent to 10% of your CMHC mortgage loan insurance premium may be available, as well as a full refund of any premium surcharge paid to extend the amortization of your mortgage loan beyond 25 years. To qualify for this refund, you must carry out the steps described below within a reasonable time after funding of the CMHC insured loan. Normally, the time period between the date of funding (purchase with improvements or refinance) and the date of the post-retrofit assessment should not exceed 24 months.
Contact an NRCan qualified energy advisor to obtain the current energy rating for your home. You will receive a list of straightforward recommendations to increase your energy rating.
Step 2: Discuss CMHC insured refinancing
Talk to your lender or your financial institution about which options are available to you.
Step 3: Improve your rating
Using your energy advisor's recommendations, renovate or upgrade to increase your energy rating using CMHC insured funds. You'll be amazed at the difference a more efficient furnace, better insulation or simple draft-proofing can make. Not only will you be reducing greenhouse gas emissions, but you'll also see welcome reductions in your monthly utility expenses.
Step 4: Confirm the improvement
Your energy advisor will assess your home again after the energy-saving renovations are finished. If this test shows that the house's energy rating has improved by at least 5 points and has achieved an overall rating of at least 40, the 10% premium refund may be available.
Step 5: Apply for your Premium Refund
Apply online for your premium refund.
- Complete the PDF version of the application form and send it to CMHC, along with the supporting documentation by fax at 1-800- 245-9274, or by mail at 700 Montreal Road, Suite 1000, Ottawa, Ontario, K1A 0P7. NOTE: You can choose to complete the PDF form electronically or by hand. In both cases, you will have to print it and sign it.
How to obtain an energy assessment
NRCan has developed an energy assessment and labelling system to help homeowners make energy-saving choices when buying a home or renovating. For a fee, an NRCan qualified energy advisor will evaluate the house to determine its energy efficiency rating on a scale of 0 – 100.
For more information, including information on the Government of Canada’s ecoEnergy initiatives, please visit the NRCan web Site.