Manitoba Hydro Loan Programs
Manitoba Hydro offers a Residential Loan Program for new HVAC equipment installations called the Home Energy Efficiency Loan, or HEEL. They offer a competitive interest rates and financing periods. In addition, the monthly payments go onto your monthly bill. This makes it easier then ever to get new High Efficiency HVAC Equipment in your home!
Home Energy Efficiency Loan
The Home Energy Efficiency Loan is for the installation of High Efficiency Natural Gas Furnaces, Heat Pumps, Boilers, Hot Water Tanks, and Air Conditioners among others. With this program, you can finance up to the following amounts:
| Eligible upgrades | Max amount by technology1 | Maximum terms | |
|---|---|---|---|
| Efficiency upgrades |
air leakage sealing | $7,500 | 5 years |
| ground source heat pumps | $20,0002 | 15 years | |
| cold climate air source heat pumps | $10,000 | 15 years | |
| insulation | $7,500 | 5 years | |
| level 2 electric vehicle charger | $3,000 | 5 years | |
| natural gas furnaces and boilers | $7,500 | 15 years | |
| solar photovoltaic system | $20,0002 | 15 years | |
| space heating equipment | $7,500 | 5 years | |
| water heating equipment | $7,500 | 5 years | |
| windows and doors | $7,500 | 5 years | |
| ventilation | $7,500 | 5 years | |
| NEW upgrades |
central air conditioning | $5,000 | 5 years |
| conventional air source heat pumps | $5,000 | 5 years | |
| electrical equipment upgrades | $5,000 | 5 years | |
| radon mitigation | $5,000 | 5 years | |
| 1 This amount is included in the $12,500 limit per residence. 2 Total value of all accumulated Home Energy Efficiency Loans cannot be more than $20,000. |
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For more information about the Home Energy Efficiency Loan program, please visit the Manitoba Hydro Website.
Application Process
If you are interested in either program, we can set up a FREE Installation Estimate and the paperwork can be filled out during this appointment. All of our Install Estimates are attended by a Licensed HVAC Technician. As a result, they will have application forms with them and can discuss the financing options with you.
To make the application process quick and easy, please ensure you have the following information on hand:
1. Manitoba Hydro Account Number.
2. Mortgage Holder (Bank the Mortgage is Through).
3. Mortgage Balance.
4. Mortgage Payment (Monthly).
5. Insurance Company (Specifically That Holds Their Fire Insurance).
6. Fire Insurance Value (Amount of Coverage).
7. The Name on the Title For Their Home.
8. All people that are on the Title for the home, MUST be home at the time of the appointment in order to sign the paperwork. If there are two people on the title and only one is able to be home, it must be scheduled when both are home.
9. Source of Income (Either Employer or Pension information).
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