Environmental borrowing options

When it comes to home renovations, it pays to think of the environment. In addition to building a more sustainable future for you and your family, you’ll save money on energy consumption and be eligible for some great financial incentives.

We’re committed to making it easier than ever for our members to make smart choices about home energy consumption. Environmental financing options include our very own Vancity Home Energy™ Loan*, Canada Mortgage and Housing Corporation (CMHC) premium refunds, BC Hydro rebates and savings, and FortisBC rebates and offers.

A dollar saved here and there can add up more than you’d think. Suddenly, you have the funds to make your home more comfortable, attractive, and energy-efficient. Plus, those renovations will really add to its resale value!

Vancity Home Energy™ Loan

This personal loan is at a prime+1% rate¹ for up to 15 years. The low interest rate saves you money compared to a conventional loan. You can borrow as little as $3,500 or a maximum of $50,000. Then pay it back through flexible payments options.

To qualify, you need to make energy efficient upgrades to your home. If you are unsure of what those changes should be, we recommend the use of a Certified Energy Advisor who will provide you with a report showing the best ways to reduce your energy use.

Savings you gain from these changes can be used to pay down your loan, saving you even more, or speak to us about how you can invest your savings to help build your wealth.

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We’re teaming up to power down with BC Hydro

Make energy-saving renovations to your home and leverage the (HERO) program offered by BC Hydro. The program offers you ways to:

  • improve your home’s re-sale value with an energy efficiency rating, which proves to buyers that your home is more energy efficient
  • invest in your home to create a more comfortable environment
  • improve the efficiency of your home over the short- and long-term
  • fight climate change and protect our environment.

BC Hydro provides rebates to help you save power and money. You can save seriously when you replace inefficient fixtures, appliances, home electronics and more. Visit powersmart.ca for details.

Ready to learn more?

Please visit a Vancity branch or call 604-877-7000 for more information, or apply online for a Vancity Home Energy Loan.



* Our normal lending criteria apply.
¹ The annual Percentage Rate (APR) is based on a loan of $5,000 with monthly payments and a 5 year term. APR assumes no fees apply. Rates subject to change without notice.
Vancity Home Energy™ is a trademark of Vancouver Savings Credit Union
BC Hydro trademarks are used with the permission of BC Hydro.