Office of Energy Efficiency

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FAQ

Q: How much will my 6% loan cost me?

A: Depending on how much you borrow you can expect to pay roughly the following amounts (this does not include life insurance payments, extra payments, etc...)

Amount Borrowed	Monthly Payment	Number of Years	Total Interest Paid
$10,000	$150	6.8	$2,190
$9,000	$150	5.9	$1,715
$8,000	$150	5.2	$1,325
$7,000	$120	5.8	$1,295
$6,000	$120	4.8	$920
$5,000	$90	5.4	$870
$4,000	$90	4.2	$530
$3,000	$90	3	$290
$2,000	$90	2	$125
$1,000	$90	1	$30

Q: What kind of insulation can I use to insulate my house?

A: The type of insulation is not stipulated in the Provincial or Federal grant or loan programs, just the minimum r-values.  How much of a particular type of insulation is required to achieve that r-value can be calculated using the NRC recognized r-values listed in the CCMC registry.

Q: I own more than one residential property can I put them through the Audit Assistance and Loan/Grant programs?

A: If you own more than one property and are in the low income category, you may choose one household to receive the low income audit assistance and 0% loan program.  If you additional property(s) are rental properties (i.e. they are a primary residence for a household) they may be eligible for the regular income audit assistance and 6% loan or 15% grant programs.  If the additional property(s) are not rental units, or are seasonal rental units only they would not be eligible for any provincial energy efficiency programs. (i.e. cottages, vacant houses, investment properties, etc...)

For specific advise on your properties eligibility please contact the Office of Energy Efficiency.