Do not budget a new furnace project around the closed federal loan

The official federal process records the last date for a new Canada Greener Homes Loan application as October 1, 2025. A new 2026 quote should not promise access to a newly approved interest-free federal loan.

Read the finance offer actually being sold

A contractor payment plan may instead be a private credit or rental agreement. Ask for the lender or lessor, total obligation, interest, fees, equipment ownership and early-exit conditions. A familiar federal program name must not substitute for those documents.

Compare purchase and rental on the same basis

Write down the gross purchase cost and the total required payments under any agreement. If a heat pump rebate is also shown, check the rental-specific program rates. A purchased-system incentive does not establish what a rental customer receives.

Existing federal borrowers

If you already had an approved federal loan, follow its agreement and account instructions. That existing file is separate from the sales offer for a new customer.

Program sources checked October 4, 2026. The program administrator decides eligibility; confirm current terms before ordering equipment.