Federal Government Announces $2 Billion in Rebates for Heat Pump Installations
Prime Minister Mark Carney has announced $2 billion in funding over eight years for home retrofits, including rebates for homeowners who install electric heat pumps. The National Heat Pump Rebate program is estimated to provide rebates to up to 820,000 homeowners, with the federal government projecting annual energy-bill savings of more than $1,400 for households [...]
TL;DR
- Canada allocates $2 billion over eight years for home retrofits.
- Rebates are available for installing electric heat pumps.
- The National Heat Pump Rebate program targets up to 820,000 homeowners.
- Projected annual energy bill savings exceed $1,400 per household.
- Total projected annual savings for Canadian families surpass $1 billion.
- Low-income households may receive up to $10,000 for a heat pump.
- Other eligible homeowners can receive $2,000.
- Federal rebates can be combined with existing provincial programs.