Media Room

TD Canada TrustGreen Mortgages now feature rebates for solar panels

TORONTO, April 22, 2010 – In time for Earth Day®, TD Canada Trustis expanding its Green Mortgage rebate to include solar panels on homes.

“We’re thrilled to celebrate Earth Day® by adding Canadian Standards Association (CSA) approved solar panels to our list of eligible products for the Green Mortgage rebate. This provides an additional financial incentive to our customers who have made the decision to move towards sustainable energy to power their homes,” says Chris Wisniewski, AVP, Real Estate Secured Lending, TD Canada Trust. “Our recent TD Canada TrustGreen Home Poll showed that more than one quarter of Canadians have undergone a green home renovation and the majority (88%)are happy with the results.”

Karen Clarke-Whistler, Chief Environment Officer, TD, predicts that solar panels will be standard on homes in 10years. “Energy prices are only going to go one way, and that is up, so homeowners will be looking for ways to reduce costs,” said Clarke-Whistler. “With an increasing number of provincial government-backed incentive programs being rolled out across the country, we expect the solar products market to evolve rapidly. We can expect product innovation, a wider choice of products and increased affordability as more manufacturers enter the market.”

The TD Canada TrustGreen Home Poll also revealed that 66%of Canadians say that tax credits would make them more likely to make energy efficient upgrades to their homes. “This shows that financial incentives really work when it comes to encouraging energy efficient home upgrades, so we hope that our Green Mortgage rebate will encourage our customers to consider renewable energy sources for their homes,” says Wisniewski.

How the Green Mortgage rebate works:

Customers receive 1%off the posted interest rate on a five-year fixed rate mortgage or on a five-year fixed rate portion of a Green Home Equity Line of Credit (HELOC). As well, TD Canada Trustwill rebate up to 1%of the amount of the mortgage or the fixed rate portion of the HELOC when you purchase CSA approved solar panels or make ENERGY STAR® qualified purchases. And, for a limited time until June 30,2010, TD Canada Trustwill rebate up to 1.5%of the amount of the mortgage or the fixed rate portion of the HELOC (http://www.tdcanadatrust.com/greenhome/index.jsp).

For example:

About TD Canada Trustgreen mortgage products

TD Canada Trusthas two ways that customers can save money and help protect the environment, the Green Mortgage or a HELOC. Both products offer a lower interest rate and rebates on certain purchases, while giving back to the environment. As well, when customers receive their rebate, TD Canada Trustdonates $100to the TD Friends of the Environment Foundation.

About the TD Canada TrustGreen Home Poll

The TD Canada TrustGreen Home Poll surveyed adult Canadians from across the country who own a home or are considering purchasing a home in the next 12months, to explore the relationship between the environment and home purchase or home renovations. The survey was conducted by Angus Reid Public Opinion, a division of Vision Critical, on March 12,2010with English and French speaking Canadians 18+. The sample size includes 1,494men and women.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Groupis the sixth largest bank in North America by branches and serves more than 18 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trustand TD Insurance; Wealth Management, including TD Waterhouseand an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial Groupalso ranks among the world's leading online financial services firms, with more than 6million online customers. TD Bank Financial Grouphad CDN$567billion in assets on January 31,2010. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

For further information:

Carolyn Abbass / Anne Locke
Paradigm Public Relations
416-203-2223
cabbass@paradigmpr.ca / alocke@paradigmpr.ca

Tashlin Hirani
TD Bank Financial Group
416-982-3375
Tashlin.hirani@td.com

Earth Day® is a trade-mark of Earth Day Canada (1991) Inc., used with the permission of Earth Day Canada (1991) Inc.