Minimum Energy Efficient requirements to be eligible for a 15% or 25% premium refund on mortgage insurance applications received on or after June 22nd, 2016.
Renovating an existing home (Purchase Plus Improvements Program):
- Obtain a Genworth Canada insured mortgage to make energy-efficient improvements
- Must have an NRCan qualified energy advisor perform a pre-improvement and the post-improvement energy efficiency evaluation (To contact an Energy Advisor click here)
- Certify that the energy-efficient improvements that have been made meet the EnerGuide ratings listed below
- With a pre-improvement rating ≤ 55 the post-improvement rating must increase by 10 points for a 15% refund or increase by 20 points for a 25% refund*
- With a pre-improvement rating > 55 the post-improvement rating must increase by 5 points for a 15% refund or increase by 10 points for a 25% refund*
|EnerGuide Rating Gigajoules per year Scale
- With a pre-improvement rating ≥ 200 GJ/yr. the post-improvement rating must decrease by 45 GJ/yr. or a 15% refund or decrease by 90 GJ/yr. for a 25% refund*
- With a pre-improvement rating < 200 GJ/yr. the post-improvement rating must decrease by 20 GJ/yr. for a 15% refund or decrease by 45 GJ/yr. for a 25% refund*
*For the 0-100 scale the post-improvement energy efficient evaluation must achieve a minimum rating of 60 and for the Gigajoules per year scale the post-improvement energy efficient evaluation must achieve a minimum of rating of ≤ 250 GJ/yr. to be eligible for a refund.
Documentation requirements to accompany application form:
Purchasing a new or existing home:
- Documentation certifying your home was built under a Genworth Canada qualifying energy efficient building program OR
- Provide a copy of the first page of your EnerGuide performance evaluation report displaying the rating of the home
For high-rise condominiums:
- Copy of the building's LEED Certificate OR
- Documentation signed by NRCan, the project engineer or builder that the entire condo building is greater than or equal to the minimum program requirements
Renovated existing homes:
- Provide a copy of the first page pre-improvement and first page post-improvement EnerGuide performance evaluation report prepared by an NRCan qualified energy advisor
Genworth will recognize either of the NRCan EnerGuide rating systems, the 0-100 Scale or Gigajoules per year scale based on the province the home is located in.
Refunds are processed and mailed within 30 business days of receipt of application.