Making Sustainable Choices
Helping Members achieve environmental
Eco-friendly Banking Solutions
Supporting members in their transition to net-zero and a more sustainable future for generations to come.
Energy Efficient Home Renovation Loan
Auto Loan For Zero Emission Vehicles
Responsible Investment Solutions For You
Energy Efficient Home Renovation Loan
Innovation offers Loans to help home owners make energy efficient investments into their home.
There are now many eco friendly options for home owners to both minimize their carbon footprint and reduce their energy bills. Key home improvements include:
- Replacing oil furnaces or low-efficiency systems with a high efficiency furnace, air source heat pump, or geothermal heat pump.
- Better wall or basement insulation and/or wall or roof panels.
- Installing a high-efficiency water heater or on-site renewable energy like solar panels.
- Replacing drafty windows and doors.
Home owners have multiple financing options and incentives to make their green home renovations more affordable.
With CMHC (Canada Mortgage and Housing Corporation) and their CMHC Green Home program, energy-efficient housing is now made more affordable with Mortgage Loan Insurance. CMHC Green Home offers a partial refund on the cost of mortgage loan insurance. Buy, build or renovate for energy efficiency and you may be eligible for a refund of up to 25% of your premium.
The Federal government has also proposed further incentives that can help homeowners undertake retrofits identified through an authorized EnerGuide energy assessment. In combination with available grants, these loans can help eligible participants make deeper, more costly retrofits that have an even bigger positive impact in energy efficiency. More than 200,000 households can take advantage of this unique saving opportunity.
For more information, talk to an Innovation advisor and/or visit the CMHC (Canada Mortgage and Housing Corporation) website.
Zero Emission Vehicles Purchase Loan
Innovation offers auto loans to purchase a zero emission vehicle to help reduce your energy footprint.
Incentive For Zero-Emission Vehicles (iZEV)
Get incentives of up to $5,000 on eligible zero-emission vehicles for purchase or lease under the iZEV program.
How to make a purchase that qualifies under the iZEV program? Click here for information on businesses and the separate Canada Revenue Agency ZEV tax write-off incentive.
Responsible Investment Solutions
Innovation has partnered with NEI Investments, Canada’s leading provider of Responsible Investment (RI) solutions to make a positive difference – for our investors, our partners and society.
To do that, NEI have built Canada’s most diversified lineup of RI solutions — top performing, actively managed funds advised by the world’s leading institutional money managers, many RI leaders themselves, and overseen by NEI’s proprietary Investment Management, Asset Allocation and Environmental, Social and Governance (ESG) teams.
Have Questions? Contact Us.
Reduce your energy use. Reduce your costs.
If you have any questions about Innovation’s sustainable
finance offerings, we would love to help! You can talk to
our advisors at 1.866.446.7001.
More Ways To Do Good
Energy efficient tips you can implement now.
- When buying a new home consider energy-efficient homes that can help you reduce your energy use and save you money on monthly energy bills.
- Replace your single-pane windows with more energy efficient windows that allow you to use natural sunlight and reduce heat loss and gain.
- Switch to energy star appliances, fans and electronics. This way, you’re using much less energy for the time that the product is on, saving money, and reducing your energy output.
- Use energy saving lighting like LED bulbs. Switch off lights and appliances when not in use.
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Who Love to Bank With Us!
Getting approved for a Quick Loan was such a quick and easy process. It is so convenient to have, to be able to make purchases for our wedding, home, and any other unseen costs that may come up!
Natasha Wasmuth & Jonathan Toews
The service I received when getting my mortgage was exceptional.
I was able to complete the entire process over the phone and by email from Regina.
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