New Brunswick Financing Options

NB Solar Financing offers an accessible and straightforward path to solar energy for homeowners and businesses. With tailored financing solutions, competitive interest rates, and flexible payment plans, NB Solar Financing makes the transition to renewable energy both affordable and rewarding. Their expert team guides clients through every step of the process, from initial consultation to system activation, ensuring a seamless experience and a brighter, more sustainable future.

Enhanced Energy Savings Program.

The Enhanced Energy Savings Program is open to all eligible New Brunswick homeowners, regardless of how they heat their homes.

Three important criteria are used to determine eligibility

• an annual combined gross household income under $70,000
• you must own the home and live in it
• your home must have a need for energy efficiency upgrades

Total Home Energy Savings Program

To be eligible to participate in the Total Home Energy Savings Program you must meet these requirements:

• You must be the legal Property Owner to apply for the Total Home Energy Savings Program.

• Your home is: a residential property, no more than three stories high, smaller than 600 m² (6458 ft²)*. Single-family homes, detached, side-by-side, or row homes are eligible.

• Manufactured homes, mobile homes, or mini homes are on a permanent foundation. Types of eligible foundations: 

• Basement foundation

• Slab-on-grade with anchors

• Concrete blocks on an engineered pad

• Piers and beams.

• Buildings must be habitable, structurally sound and capable of receiving a home evaluation, as determined by a Certified Energy Advisor. The home must have all interior and exterior finishes in place (including, for example, siding and drywall) and have a functioning automated heating system, kitchen, and bathroom.

• Buildings that participated in any of Efficiency NB’s programs or NB Power’s Home Insulation Energy Savings Program that still need upgrades.

New-Home Energy Savings Program

The New-Home Energy Savings Program is an NB Power initiative that provides financial incentives to builders and homebuyers in New Brunswick for building energy-efficient homes. To participate, builders pay a modeling fee ($99+HST), and homebuyers can receive rebates by either choosing at least five “Prescriptive” upgrades or by reaching a high “Energy Performance Tier” (Tier 3, 4, or 5) based on the 2020 National Building Code, which can be up to a $15,000$ rebate. Homes must be in New Brunswick and heated by electricity, wood, natural gas, or propane to be eligible.

Download the New-Home Energy Savings Program Guide.

How it works 

• Register: Builders must register the home plans before a building permit is issued.
• Energy Modeling: An energy advisor will model the home’s energy performance based on the plans for a $99 fee.
• Choose an incentive path:
• Prescriptive Option: Select at least five upgrades from a list of approved prescriptive options.
• Performance Tier Option: Meet specific energy efficiency targets based on the 2020 National Building Code. Tier 3, 4, or 5 are eligible for rebates of up to $15,000
• Build: The home is built according to the energy-efficient plan.
• Final Evaluation: After construction, an energy advisor will conduct an on-site evaluation to confirm the upgrades and performance targets have been met. 

Eligibility 

• Homes located in New Brunswick.
• Heated by electricity, wood, natural gas, or propane.
• Single detached, semi-detached, and row houses.
• Manufactured dwellings on a permanent foundation.
• In-law suites and accessory dwelling units that meet certain conditions.
• Not eligible: Cottages, commercial buildings, or multi-unit buildings with three or more units. 

Benefits 

• Financial rebates: Receive an incentive based on the chosen path, which can be up to $15,000.
• Lower energy bills: Building more efficiently leads to long-term savings on energy costs.
• Mortgage insurance refunds: New homeowners may be eligible for up to a 25% refund on mortgage insurance premiums from providers like CMHC, Sagen, or Canada Guaranty if the home meets certain energy efficiency criteria.