REBATES & PROGRAMS
AVAILABLE PROGRAMS 2024
OIL TO HEAT PUMP AFFORDABILITY PROGRAM
The Oil to Heat Pump Affordability Program helps Canadian homeowners who are currently heating their homes with oil transition to electric heat by installing a cold climate air source heat pump system. Making the switch can help you save thousands of dollars on your heating bills every year and help reduce greenhouse gas emissions.
What is available through the Program Up to $15,000 For the purchase and installation of eligible cold climate air source heat pump systems, and any of the following associated eligible measures related to its installation: Necessary electrical and mechanical upgrades to your home for the new cold climate air source heat pump The safe removal of your oil tank. Installation of a back-up electric heating system (as required). Switching over other oil-using household systems, such as a hot water heater (where necessary). Hybrid cold climate heat pump systems (central ducted heat pumps paired with an oil, gas or propane-fired furnace) are not eligible under this program. Upfront payment Following the approval of your application, you will receive a cheque. In most cases this means you will receive your funds in advance of having to pay for any of the related costs. The funding can be combined with additional financial assistance from other existing federal, provincial, territorial, and utility programs.
CANADA GREENER HOMES LOAN
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The Canada Greener Homes Grant is being co-delivered by Natural Resources Canada and Enbridge Gas in Ontario under the Home Efficiency Rebate Plus (HER+) program. Grants are provided to eligible homeowners for recommended and eligible retrofits such as home insulation, windows and doors, heat pumps and renewable energy systems.
Loan details Maximum: $40,000 Minimum: $5,000 Repayment term: 10 years, interest-free Loan type: Unsecured personal loan on approved credit The maximum eligible loan amount is calculated based on the retrofits selected in the application and the quotes for this work. The eligible amount is capped based on industry standards and market norms. The maximum eligible loan amount may be less than your quoted cost, in which case you will be responsible for funding any difference. A maximum of one loan is available per eligible property and homeowner. The loan can only help you finance eligible products and installations that are part of a retrofit that is both recommended by an energy advisor and eligible for the grant. To begin work in your home, a portion of the loan can be delivered to you up front. Contractors often require a down payment for these types of projects. The balance of the loan will be delivered upon successful completion of the retrofits and verification through a post-retrofit evaluation.