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The Government of Canada and the Province of British Columbia, in partnership with BC Hydro and FortisBC, offer rebates and grants for heat pumps. These incentives aim to provide financial support to individuals seeking to install heat pumps in their homes or businesses.
Air-source heat pump: as high as $11,000*
Provincial: to a maximum of $6,000*
Federal: to a maximum of $5,000
Ground-source heat pumps: as high as $5,000
Heat pump systems that utilize air-to-water and water heater technology: up to $5 ,300
Provincial: as high as $4,300
Federal: up to $1,000
*Additional funding from the local government might be accessible.
The Province of British Columbia, in collaboration with BC Hydro and FortisBC, is providing rebates for heat pumps. The grants available may vary depending on the type of fuel being used.
Ductless Heat Pumps
A compressor that allows for adjustable speeds is necessary.
Mini-split
Home must be 1,200 sqft or less $1,000 – $6,000
Multi-split
To fulfill the requirements, a minimum of two indoor head units is necessary. $1,000 – $6,000
Ducted Heat Pumps
Central Ducted System
You need an adjustable speed compressor to fulfill the requirements.
Price: $2,000 to $6,000
Dual-Fuel Central Ducted System
No need for a variable speed compressor here.
Price: $3,000
Air-to-Water Heat Pumps
Only listed products are eligible.
Stand Alone Space Heaters
Price: $3,000
Combination Space and Water Heaters
Price: up to $4,000
Need more help? Ask about municipal top-ups.
For info, check the government agency website.
The Greener Homes Grant is from the Canadian government. They help pay for heat pump installs. The cash depends on what heat pump you choose and how well it works.
Air Source Heat Pump
ENERGY STAR Certified
HSPF ≥ 10 in Zone 4
Two power outlets: $2,500
Three or more supply outlets: $4,000
Air Source Heat Pump
Cold-Climate
COP ≥ 1.8 at -15 °C
HSPF ≥ 10 in Zone 4
Two supply outlets: $2,500
Three or more supply outlets: $5,000
Ground Source Heat Pump
To qualify for consideration, the products must be included in the list of eligible items while also complying with the Energy Efficiency Regulations.
Full system, includes an underground water source $5,000
Heat Pump Unit Only $3,000
Heat Pump Water Heater
To be considered eligible, the item needs to be included in the list of approved products.
ENERGY STAR Certified $1,000
Homeowners in Canada have access to the government’s no-interest loans capped at $40,000. These aid in bearing the costs linked to revamping homes. It specifically benefits those looking to perform property upgrades.
The Greener Homes Grant program loan ties in with the Greener Homes loans.
The choice of a 10-year interest-free loan is with homeowners when embarking on retrofit projects. These include insulation fitting, the setup of heat pumps or solar panels, and other similar enhancements.
Energy consultants significantly contribute to the functioning of the loan distribution. Please note – one must undergo an energy assessment to qualify for the loan.
Book an appointment by giving us a quick call at 604.880.4095 or click on the button below to fill out an online booking form where you can choose the help you need to take advantage of these great renovations rebates from our governments.
