Heating your home with oil? Get up to $10K for a new heat pump
At a glance (1 minute read)
- Canadian government launched a new Oil to Heat Pump Affordability Program for low- and median-income home owners who heat their homes with oil.
- The plan offers upfront payment of $10,000 for installing an efficient electric heat pump, including up to $5,000 from the Canada Greener Homes Grant.
- Home owners can combine federal support with existing provincial utility programs for additional incentives.
Home owners looking to buy and install an energy-efficient heat pump may qualify for funding through the new federal government Oil to Heat Pump Affordability Program.
The program launched April 1, 2023, and is aimed at low- and median-income home owners who heat their homes with oil.
For home owners switching to an efficient electric heat pump, the program offers an upfront payment of $10,000 which includes up to $5,000 from the Canada Greener Homes Grant.
The government is offering this funding to help families save money on their monthly bills while delivering clean air in their communities.
To apply, home owners must register through the Canada Greener Homes Initiative.
Before you apply, check to ensure your home is eligible for a rebate.
BC Hydro also has information about eligible homes. Condominiums are not eligible.
Combine with provincial incentives
Home owners can also benefit by combining federal support with other existing provincial utility programs including:
- Clean BC Plan: a BC Government program providing a range of incentives up to $6,000 to replace a fossil fuel heating system; and
- BC Hydro rebates: for heat pumps.
Note: Home owners who have already received funds for a heat pump as part of the Canada Greener Homes Grant aren’t eligible for the program.