Home Energy Loan Program (HELP)
HELP stands for Home Energy Loan Program and was developed to help Saskatoon homeowners improve their homes’ energy efficiency, install renewable energy, or reduce water use by offering low interest loans that pay for the upfront costs of these changes to your home. Loans, between $1,000 and $60,000, are offered at a low interest rate and are repaid through your home's property tax. HELP is not intended for smaller changes to your home such as switching to LED lights, or installing a low-flow showerhead, however it is suited for larger projects defined below.
HELP provides a low-interest option to cover the upfront costs associated with renovating your home for energy efficiency or renewable energy. The loan balance can be repaid early at any time, without penalty.
A HELP loan is attached to the property, not the homeowner. This means if you move before your loan is paid off, the new owner of that home can continue to make the loan payments as they will receive the benefit from the upgrades.
An energy efficient home is more affordable in the long term because it lowers your energy bills. It’s more comfortable and better for your health with less drafts and better air quality and it is also essential in reducing household pollution (greenhouse gas emissions) as a community in climate action.
Owners of single-family residential homes including detached homes, semi-detached homes, and row housing, within Saskatoon City limits are eligible for HELP.
The home being renovated must:
Not have any outstanding or delinquent taxes
Be a single-family residential home
Be located within the city of Saskatoon
Be an existing home, new homes under construction are not eligible for the program
The applicant must:
Be an individual
Be the owner, but not necessarily the resident, of the home where upgrades are being installed
Be in “good standing” regarding City of Saskatoon utility bills, taxes, and any other municipal charges
If you are already participating in a property tax deferral program with the City such as a lead line replacement loan, you are still eligible to apply for this program.
The minimum loan to participate in the program is $1,000. The maximum loan amount for this program is $40,000, unless you can provide proof that your project will reduce your homes energy consumption by 50% or more, then you may receive a maximum loan of $60,000.
There is a $500 administration fee to participate in the program. If you can provide proof of low income, this administration fee may be waived.
Homeowners can choose the repayment term that best suits their needs. Options include:
|Term Length (years)||Interest Rate|
Eligible Projects for this program are included in the table below. Any home upgrades outside of this list are ineligible for a HELP Loan.
|Project Category||Eligible Projects|
Before applying for the program, ensure that you and your project meet the eligibility criteria and ready the HELP Program Guide. Once you have completed this, you can proceed to the Application resources & Forms webpage and start the application process.
The application process for HELP includes 5 steps:
1. Initial Application
2. Energy audit, funding request and contract signing
3. Installment request (optional)
4. Project completion
5. Loan repayment