CleanBC Better Homes has launched a contractor-driven, low-interest financing program to help support the installation of heat pumps when fuel switching from natural gas, propane or oil heating. Loans are provided by leading point-of-sale lender Finance it with promotional interest rates of 0% and 4.99% from the Province of B.C. (Ministry of Energy, Mines and Petroleum Resources).
- Interest rates: 0% and 4.99% depending on heat pump efficiency
- Loan size: $1,000 – $40,000
- Amortization period: 60 months (5 years)
For further details visit: https://betterhomesbc.ca/rebates/financing/
Loans are accessed via Finance Registered Contractors. Heat pump contractors interested in becoming a Finance Registered Contractor are encouraged to contact email@example.com to register for a one-hour mandatory webinar and sign up. Participating contractors are listed on the CleanBC Better Homes website as Finance Registered Contractors and have access to the 0% and 4.99% interest rates. There is no contractor or administration fee for participating.