The Canadian government has announced they will officially close applications for the Canada Greener Homes Loan as of October 1st, 2025. The Canada Greener Homes Loan is a federal government program that provides interest-free financing to help homeowners make energy-efficient upgrades to their homes.
What does this mean for your customers?

Desire to postpone or cancel project
Many may postpone or cancel projects due to uncertainty of how they will pay for their upgrades.

Loss of affordable financing
Customers will be looking for a clear, affordable path forward.

Higher out-of-pocket costs
Customers will need to rely on credit cards, savings or higher-interest loans, lengthening the payback period on upgrades.
What does this mean for your you?

Fewer sales
Homeowners may no longer be able to afford big-ticket upgrades which will translate to a reduction in your sales pipeline.

Weaker close rates on your leads
The interest-free loan has been a powerful sales tool. Without it, closing larger projects can become harder.

Increased competitive pressure
Those who don’t adjust may lose market share to competitors that make affordability part of their sales pitch.
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How can Financeit be an alternative to the Canada Greener Homes Loan for your customers?

Offering financing is one of the strongest ways dealers can soften the blow of losing the Canada Greener Homes Loan. This is where Financeit is here to help.

As one of the leading point of sale Home Improvement lenders in Canada, Financeit can help you continue to offer affordable payment options to your customers to help you grow your business.

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Use these special offers to keep your customers’ monthly payments on par with the Canada Greener Homes Loan ($208/mo)*

*Based on a $25K loan, 60 month term and 240 month amortization. Monthly payment figures are rounded up. **Based on a $25K loan, 60 month term and 240 month amortization. Monthly payment figures are rounded up.

These promotions are available on any applications submitted by December 31st, 2025.


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Benefits of using Financeit


Higher tickets
Offer financing to move bigger deals and increase your average transaction size.

Close more deals
Flexible financing options help you convert more customers and close deals faster.

Increase your margins
Earn more on every deal by leveraging financing to drive higher-value sales.

Get paid faster
Once the project is complete, get funds directly into your account.

Reach out to your Financeit Account manager to learn more about how you can strategically use these promotions as an alternative to Canada Greener Homes Loan.

FAQ

The Canada Greener Homes Loan is a federal program that offers interest-free loans to homeowners for energy-efficient home improvements. The funding can only be used for qualifying upgrades, and applicants have to meet specific eligibility requirements. Its purpose is to help homeowners reduce energy use and support environmentally friendly renovations.

Applications for the Canada Greener Homes Loan close on October 1st, 2025. Individuals may still apply for the loan until October 1, due to limited funding there is no guarantee of approval prior to this date.

The Canada Greener Homes Loan offered homeowners a 0% interest rate for a 10-years, which was designed to encourage homeowners to make energy-efficient upgrades. Funding for the Canada Greener Homes Loan has ended, and the program will end on October 1, 2025

  • Financing is available for any home improvement project, not just energy upgrades.
  • Homeowners can borrow up to $100,000, compared to the $40,000 maximum under the Canada Greener Homes Loan.
  • More homeowners qualify for Financeit financing, whereas the Greener Homes Loan has strict eligibility requirements.
  • Financeit offers flexible terms up to 5 years, with amortization up to 20 years, while the Greener Homes Loan offers 10-year terms.

With Financeit, the dealer can complete the loan application on behalf of the homeowner, with the homeowner, or they can use the Financeit Direct link for the homeowner to complete the application on their own time.

Unlike the Canada Greener Homes Loan, Financeit’s financing options can be used for any home improvement project.

Financeit financing is available to a wide range of homeowners. Unlike the Canada Greener Homes Loan, no energy audit is required, and approvals are faster and simpler, making it easier for customers to access funding.

Financeit offers loan terms of up to 5 years, with amortization options up to 20 years. While we don’t have a 10-year term like the Canada Greener Homes Loan, the extended amortization allows homeowners to manage payments over a longer period.

Yes – even if you’ve already started an application for the Canada Greener Homes Loan, you can still apply for Financeit financing. Our process is independent, so you can fund your project without waiting for the government program.

No, Financeit is not affiliated with the Government of Canada. Financeit is a private financing company and is not affiliated with any federal or provincial government programs.

Terms and conditions apply. All loans on approved credit by FinanceIt Canada Inc. Interest rates, fees and program terms are subject to change without notice.