Power Smart Residential Loan
Manitoba Hydro Power Smart Residential Loan
The Power Smart Residential Loan interest rate is 4.8 per cent. Loan agreements previous to November 7, 2012 that are currently billing on a customer's account will remain fixed for the remainder of the contract term at the previous interest rate.
The loan covers the following upgrades:
windows and doors;
residential space heating equipment;
air leakage sealing;
residential water heating equipment.
Borrow up to $7,500 per residence. Up to $5,500 of that may be put toward the purchase of a high efficiency natural gas furnace.
The maximum term is 5 years for all energy efficiency upgrades and 15 years for the purchase of a high efficiency natural gas furnace.
Annual interest rate is fixed at 4.8 per cent (O.A.C.) for the first 5 years.
Monthly installments will be included on your energy bill.
Applicant must be a Manitoba Hydro customer and the owner of the home in which energy improvements are to take place.
Upgrades must be made to levels recommended by Manitoba Hydro.
The loan does not apply to central air conditioning (see The Energy Finance Plan (EFP)).
We can work with you to determine if your project is eligible for financing and will assist you with completing the loan application.
Call Nisby Today and let us do all the paperwork for you!