Maximize Savings with an Energy-Efficient Renovation Rebate

Looking to save on your utility bills and your mortgage insurance premiums? You might be surprised to learn that Canada's mortgage insurers - CMHC, Sagen, and Canada Guaranty - offer rebates of 25% on mortgage insurance premiums when you purchase or renovate a home to meet energy efficiency standards and paid mortgage insurance premiums.

These rebate programs support:

  • Buying an energy-efficient home

  • Renovating an existing home to improve energy usage

Before we dig in to the some of the details, its worth noting some interesting stats regarding energy efficiency trends in Canadian homes.

According to CMHC’s 2025 Mortgage Consumer Survey:

  • 28% of recent renovations focused on energy efficiency

  • Homeowners are spending more on energy efficient renovations - $22,200 on average over the last 3 years

  • 63% of all renovations were energy-efficiency related

  • 78% of homeowners saw lower energy bills

  • 30% of Canadians plan to use unsecured credit for renovations (up from 22% in 2024)

  • 63% knew renovation costs could be rolled into their mortgage

Pair It with Purchase Plus Improvements

These rebates are even more powerful when paired with a Purchase Plus Improvements (PPI) program - a mortgage product offered by many lenders that allow homebuyers to add the cost of certain renovations to their mortgage at the time of purchase. Including energy efficient renos into your Purchase Plus Improvements mortgage product, makes it easier to invest in long-term energy savings without up-front, out-of-pocket expenses.

*The renovation costs are paid out of pocket but reimbursed once renovations are completed and approved by the lender.

Key Steps to Access Rebates

  1. Get an EnerGuide evaluation (pre-retrofit if applicable)

  2. Undertake upgrades that meet EnerGuide/NRCAN efficiency benchmarks

  3. Re-test (if renovating) for improved rating or certification

  4. Apply to your insurer within 24 months of your mortgage close

  5. Receive refund (typically within 2–12 weeks after applying)

Learn More

Ready to explore energy efficiency rebates in more detail? Visit each insurer’s program page:

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