Boost Your Solar Savings with CMHC’s Eco Improvement 25% Rebate!
If you’re planning to install solar panels on your home, here’s some great news: CMHC’s Eco Improvement program offers a 25% rebate on your mortgage insurance premium when you complete $20,000 or more of energy efficiency upgrades to your home. And yes, solar systems installed by Solar YYC are eligible!
What is CMHC Mortgage Insurance?
Canada Mortgage and Housing Corporation (CMHC) mortgage insurance is required for homebuyers who make a down payment of less than 20% of the home’s purchase price. This insurance protects the lender in case the borrower defaults on their mortgage. CMHC insurance premiums can be substantial, often costing tens of thousands of dollars, depending on the size of the mortgage. In southern Alberta, the average CMHC insurance premium ranges from $15,000 to $25,000.
Maximize Your Savings with Solar YYC and the Eco Improvement 25% Rebate
That’s where Solar YYC can really make a difference. By choosing Solar YYC to install your solar system, you not only reduce your power bill but also position yourself to take advantage of CMHC’s Eco Improvement rebate. With rebates averaging between $3,750 and $6,250, you’ll save even more on your mortgage insurance!
Why Go Solar with Solar YYC?
At Solar YYC, we pride ourselves on offering top-notch solar installations that deliver long-term value. Solar systems don’t just cut your power bills—they represent a solid investment that pays off in multiple ways. With the added benefit of CMHC’s Eco Improvement rebate, you can significantly reduce your mortgage insurance premium on top of your energy savings.
Here’s how it works: after closing on your mortgage, eligible borrowers have two years to submit a refund request through the Eco Improvement program. Simply visit CMHC’s Eco Products page for more details and instructions on how to apply. Solar YYC will guide you through the process and help you ensure your solar installation meets the eligibility requirements.
How the Rebate Impacts Your Solar ROI with Solar YYC
When you combine Solar YYC’s high-quality solar installations with CMHC’s Eco Improvement rebate, the return on your investment becomes even more attractive. The rebate, along with the energy savings from solar, can dramatically shorten your solar system’s payback period, putting more money in your pocket sooner.
To learn more about how Solar YYC can help you maximize your savings and take full advantage of the CMHC Eco Improvement rebate, reach out to one of our solar consultants today! We’ll walk you through the rebate process and show you how going solar with Solar YYC can make a big difference in your home’s energy efficiency and your bottom line.
Take advantage of this opportunity to lower both your energy bills and mortgage costs with Solar YYC!
Don’t have a solar consultant? Let’s get in touch! Fill out our intake form and we’ll reach out to you shortly.